Marico rises on 4th quarter results

Shares of Marico surged 5.34 per cent to Rs 67.10 on the announcement of a divestment in the company’s subsidiary — Sundari LLC. The company also announced its fourth quarter results today. The consolidated net profit increased 9 per cent year-on-year to Rs 44 crore , while its revenues grew by 20 per cent y-o-y to Rs 561.2 crore.

The stock opened at Rs 64.45 and made an intraday high and low of Rs 68.90 and Rs 64.20 with trading volumes of 599,000 shares.