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Marico corrects on profit booking

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Capital Market

Marico fell 2.02% to Rs 235 at 14:22 IST on BSE on profit booking after the stock jumped 18.24% in the preceding eight trading sessions to Rs 239.85 on 8 May 2014, from a recent low of Rs 202.85 on 25 April 2014.

Meanwhile, the BSE Sensex was up 580.80 points, or 2.60%, to 22,924.84.

On BSE, so far 31,000 shares were traded in the counter, compared with an average volume of 34,333 shares in the past one quarter.

The stock hit a high of Rs 241.80 and a low of Rs 232.55 so far during the day. The stock hit a record high of Rs 248.09 on 31 May 2013. The stock hit a 52-week low of Rs 188.21 on 25 June 2013.

 

The stock had outperformed the market over the past one month till 8 May 2014, rising 13.46% compared with no change in the Sensex. The scrip had also outperformed the market in past one quarter, rising 11.22% as against Sensex's 9.66% rise.

The large-cap company has an equity capital of Rs 64.49 crore. Face value per share is Re 1.

On a consolidated basis, Marico's net profit rose 5.9% to Rs 88.77 crore on 7.3% increase in net sales to Rs 1069.82 crore in Q4 March 2014 over Q4 March 2013.

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

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First Published: May 09 2014 | 2:21 PM IST

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