Marico gains after a bulk deal

Marico rose 1.43% to Rs 216 at 13:07 IST on BSE after a block deal of 2.99 lakh shares was executed in the counter on BSE at Rs 215 per share at 10:26 IST.

The block deal constitutes 0.04% of Marico's equity.

Meanwhile, the S&P BSE Sensex was up 237.03 points or 1.15% at 20,771.94.

On BSE, 3.09 lakh shares were traded in the counter as against average daily volume of 9,196 shares in the past two weeks.

The stock hit a high of Rs 216.50 and a low of Rs 213.50 so far during the day.

Marico's consolidated net profit surged 23.3% to Rs 105.87 crore on 3.5% decline in net sales to Rs 1115.36 crore in Q2 September 2013 over Q2 September 2012.

Marico is a leading Indian group in consumer products & services in the global beauty and wellness space. Marico's brands and their extensions occupy leadership positions with significant market shares in most categories - coconut oil, hair oils, post wash hair care, hair gels/creams, anti-lice treatment, premium refined edible oils, niche fabric care etc. Marico's branded products are present in Bangladesh, other SAARC countries, the Middle East, Egypt, South Africa, Singapore, Malaysia and Vietnam.

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