 "After brief lull, mergers & acquisitions back on Marico's radar")
Marico hits two-month high of Rs 319.55, up 5% on the National Stock Exchange (NSE) in otherwise range-bound market on back of heavy volumes. The Nifty 50 index was trading 0.27% higher at 10,121 points.
The trading volumes on the counter more than doubled with a combined 3.02 million shares changed hands on the NSE and BSE till 03:11 pm. The stock of fast moving consumer goods (FMCG) company 9% away from its all-time high of Rs 349 recorded on September 13, 2017 in intra-day trade.
Elara Securities recommend ‘accumulate’ rating on the stock with a target price
The trading volumes on the counter more than doubled with a combined 3.02 million shares changed hands on the NSE and BSE till 03:11 pm. The stock of fast moving consumer goods (FMCG) company 9% away from its all-time high of Rs 349 recorded on September 13, 2017 in intra-day trade.
Elara Securities recommend ‘accumulate’ rating on the stock with a target price
