Marico gains on bargain hunting

Meanwhile, the S&P BSE Sensex was up 32.43 points or 0.17% at 18,661.58.

On BSE, 19,000 shares were traded in the counter as against average daily volume of 48,084 shares in the past one quarter.

The stock hit a high of Rs 198.50 and a low of Rs 190.60 so far during the day. The stock had hit a record high of Rs 251.10 on 31 May 2013. The stock had hit a 52-week low of Rs 171.50 on 25 June 2012.

The stock had underperformed the market over the past one month till 25 June 2013, sliding 13.4% compared with the Sensex's 5.46% fall. The scrip had also underperformed the market in past one quarter, declining 8.82% as against Sensex's 0.28% fall.

The large-cap FMCG firm has equity capital of Rs 64.48 crore. Face value per share is Re 1.

Shares of Marico had declined 15.54% in six trading sessions to settle at Rs 191.30 on Tuesday, 25 June 2013, from a recent high of Rs 226.50 on 17 June 2013.

Marico's consolidated net profit rose 20.3% to Rs 83.86 crore on 9.7% growth in net sales to Rs 997.26 crore in Q4 March 2013 over Q4 March 2012.

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

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