Marico slides after a bulk deal

Marico lost 1.95% to Rs 205.90 at 14:24 IST on BSE after a block deal of 7.03 lakh shares was executed on BSE at Rs 205 per share at 11:35 IST.

The block deal constitutes 0.1% of Marico's equity.

Meanwhile, the S&P BSE Sensex was up 248.31 points or 1.36% at 18,482.97.

On BSE, 7.38 lakh shares were traded in the counter as against average daily volume of 1.36 lakh shares in the past one quarter.

The stock hit a high of Rs 214.95 and a low of Rs 204.60 so far during the day. The stock had hit a 52-week low of Rs 186.25 on 20 September 2012. The stock had hit a record high of Rs 251.10 on 31 May 2013.

The stock had outperformed the market over the past one month till 3 September 2013, sliding 0.21% compared with the Sensex's 4.85% fall. The scrip had, however, underperformed the market in past one quarter, declining 10.47% as against Sensex's 7.02% fall.

The large-cap FMCG company has equity capital of Rs 64.49 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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