Marico Ltd. Achieves All-Time High Stock Price, Reinforcing Strong Performance and Growth

Sep 29 2024 09:20 AM IST
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Marico Ltd., a leading FMCG company, achieved a new milestone as its stock price reached an all-time high on September 29, 2024. According to MarketsMojo, the stock is a 'Buy' call, showcasing the company's strong performance and growth. Marico's stock hit a new 52-week high of Rs.713.6, with impressive moving averages and outperforming the Sensex in the past year. With popular brands like Parachute and Saffola, Marico is a promising investment option for stable returns.

Marico Ltd., a leading FMCG company, has reached a new milestone as its stock price touched an all-time high on September 29, 2024. This is a significant achievement for the company, showcasing its strong performance and growth in the market.

According to MarketsMOJO, a leading stock market analysis and research platform, Marico's stock is a 'Buy' call. This further reinforces the positive sentiment around the company and its potential for future growth.

On the day of the all-time high, Marico's stock hit a new 52-week high of Rs.713.6, showing a 2.86% increase. The stock's performance today is in line with the overall sector, indicating a stable and consistent growth trend.

Marico's moving averages are also impressive, with the stock being higher than the 20-day, 50-day, 100-day, and 200-day moving averages. However, it is currently lower than the 5-day moving average, which could indicate a potential buying opportunity for investors.

In the past year, Marico has outperformed the Sensex with a 18.67% growth, compared to the Sensex's 29.42% growth. This further highlights the company's strong performance and potential for future growth.

Marico Ltd. is a largecap company in the FMCG industry, known for its popular brands such as Parachute, Saffola, and Livon. With its consistent growth and positive market sentiment, Marico is a promising investment option for investors looking for stable and reliable returns.
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