Marico advances after large bulk deal

Marico rose 1.83% to Rs 244.60 at 14:51 IST on BSE after a large bulk deal of 59.15 lakh shares was executed on the scrip at Rs 245 per share at 12:35 IST on BSE today, 17 March 2016.

Meanwhile, the S&P BSE Sensex was up 66.39 points or 0.27% at 24,748.87

Bulk deal boosted volume on the Marico counter. On BSE, so far 62.65 lakh shares were traded in the counter as against average daily volume of 3.13 lakh shares in the past one quarter. The stock hit a high of Rs 247.70 and a low of Rs 240.95 so far during the day. The stock had hit a 52-week low of Rs 179.25 on 20 March 2015. The stock had hit a record high of Rs 252.40 on 14 March 2016. The stock had outperformed the market over the past one month till 16 March 2016, gaining 8.37% compared with Sensex's 6.43% rise. The scrip had also outperformed the market in past one quarter, advancing 9.98% as against Sensex's 3.18% fall.

The large-cap company has equity capital of Rs 129.02 crore. Face value per share is Re 1.

On a consolidated basis, Marico's net profit rose 23.7% to Rs 197.81 crore on 7.6% growth in total income to Rs 1573.36 crore in Q3 December 2015 over Q3 December 2014.

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

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