Marico jumps after a block deal

Marico surged 5.94% to Rs 214.10 at 13:57 IST on BSE after a block deal of 23.89 lakh shares was executed on BSE at Rs 204.75 per share at 11:52 IST.

The block deal constitutes 0.37% of Marico's equity.

Meanwhile, the S&P BSE Sensex was up 216.06 points or 1.14% at 19,163.04.

On BSE, 25.75 lakh shares were traded in the counter as against average daily volume of 95,693 shares in the past one quarter.

The stock hit a high of Rs 214.65 and a low of Rs 203 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 186.10 on 23 August 2012.

The stock had outperformed the market over the past one month till 12 August 2013, sliding 3.19% compared with the Sensex's 5.07% fall. The scrip had also outperformed the market in past one quarter, declining 5.47% as against Sensex's 5.84% fall.

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

Marico's consolidated net profit surged 27.4% to Rs 157.73 crore on 8.9% growth in net sales to Rs 1379.66 crore in Q1 June 2013 over Q1 June 2012.

Marico is one of India's leading consumer products & services group, in the global beauty and wellness space. Its portfolio of brands includes Parachute, Parachute Advansed, Saffola, Hair & Care, Nihar, Livon, Setwet, Zatak, Mediker and Revive.

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