Marico Adjusts Evaluation Score Amid Mixed Technical Indicators and Strong Sales Performance

Marico, a midcap player in the edible oil sector, has recently undergone an adjustment in its evaluation score. This revision reflects a shift in technical trends, moving from a bullish stance to a mildly bullish outlook. The company's technical indicators present a mixed picture; while the Moving Averages indicate a mildly bullish trend on a daily basis, the MACD shows a mildly bearish signal on a weekly basis, contrasting with a bullish signal on a monthly scale.
In terms of performance, Marico has demonstrated resilience, achieving a return of 7.21% over the past year, even as the broader market, represented by the BSE500, faced negative returns. The company reported its highest net sales of Rs 3,259.00 crore in the recent quarter, alongside a robust return on equity (ROE) of 37.29%. However, long-term growth appears constrained, with operating profit increasing at an annual rate of 8.25% over the last five years.

Marico's low debt-to-equity ratio and high institutional holdings at 36.33% suggest a stable financial position, yet its valuation remains on the higher side compared to peers.

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