Marico advances after large bulk deal

Marico rose 3.51% to Rs 452.15 at 15:13 IST on BSE after a large bulk deal of 24.56 lakh shares was executed on the scrip at Rs 442.60 per share at 12:12 IST on BSE today, 17 December 2015.

Meanwhile, the S&P BSE Sensex was up 255.12 points or 1% at 25,749.49

Bulk deal boosted volume on the Marico counter. On BSE, so far 30.53 lakh shares were traded in the counter as against average daily volume of 45,139 shares in the past one quarter.

The stock hit a high of Rs 454.50 and a low of Rs 438 so far during the day. The stock had hit a 52-week low of Rs 312.70 on 17 December 2014. The stock had hit a record high of Rs 466.30 on 24 June 2015.

The stock had outperformed the market over the past one month till 4 August 2015, rising 11.4% compared with Sensex's 0.07% decline. The scrip had also outperformed the market in past one quarter, advancing 7.69% as against Sensex's 2.11% gain.

The large-cap company has equity capital of Rs 64.51 crore. Face value per share is Re 1.

Marico during market hours yesterday, 16 December 2015, announced 24 December 2015 as the record date for issue of 1:1 bonus shares. The stock rose 0.92% to settle at Rs 436.80 yesterday, 16 December 2015.

On a consolidated basis, Marico's net profit rose 27.4% to Rs 150.72 crore on 3.9% growth in total income to Rs 1499.60 crore in Q2 September 2015 over Q2 September 2014.

Marico is a leading Indian group in consumer products & services in the global beauty and wellness space.

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