Marico Ltd Gains 0.01%: 6 Key Factors Driving the Week’s Market Moves

23 February: New 52-Week and All-Time Highs Amid Strong Momentum

Marico Ltd. began the week on a strong note, hitting a new 52-week high of Rs.801.40 on 23 February 2026, accompanied by an all-time high close near Rs.799.8. The stock gained 1.69% on the day, outperforming the Sensex’s modest 0.39% rise. This marked the second consecutive day of gains, delivering a cumulative return of 2.86% over this period.

Technical indicators were robust, with the stock trading above all key moving averages (5-day through 200-day), signalling sustained buying interest. The edible oil sector also showed relative strength, with Marico outperforming its peers by 0.75% on the day.

Notably, open interest in derivatives surged by 17.9%, rising to 40,830 contracts, reflecting fresh market positioning and bullish sentiment. The futures market value stood at approximately ₹1,15,091 lakhs, while options trading contributed ₹5,579.9 crores, underscoring active investor engagement.

24 February: New Highs Amid Mixed Market Sentiment

On 24 February, Marico Ltd. extended its rally, reaching fresh 52-week and all-time highs at Rs.804.75 and Rs.812.05 respectively. The stock recorded a modest gain of 1.14% on the day, outperforming the edible oil sector by 1.2% and the Sensex, which declined 0.78%.

This marked a three-day consecutive gain streak, with a cumulative return of 4.12%. Despite the broader market’s subdued performance, Marico’s price action demonstrated resilience and strong technical positioning, maintaining levels above all major moving averages.

MarketsMOJO’s assessment reflected this momentum, with Marico’s Mojo Score at 65.0 and a ‘Hold’ rating, upgraded from ‘Sell’ in December 2025. The company’s market capitalisation grade remained at 2, indicating a mid-tier valuation within its sector.

However, valuation metrics shifted notably on this day. Marico’s price-to-earnings ratio rose to 60.91, and price-to-book value to 25.77, reclassifying the stock as “very expensive.” Despite this, strong profitability metrics such as a 68.69% ROCE and 41.12% ROE supported the premium valuation.

25-26 February: Consolidation and Slight Pullback

Following the highs, Marico’s stock saw a mild correction on 25 February, closing at Rs.806.00, down 0.56%. The Sensex, however, gained 0.41% on the day. The stock’s volume remained healthy at 30,599 shares, indicating continued investor interest despite the slight pullback.

On 26 February, the stock price was largely unchanged at Rs.805.80 (-0.02%), with a notably lower volume of 9,327 shares. The Sensex gained 0.19%, suggesting a cautious market environment. Marico’s ability to hold above Rs.800 during this period reflected underlying support from long-term investors.

27 February: Sharp Decline on Final Trading Day

The week ended with a notable decline on 27 February, as Marico’s stock fell 2.18% to Rs.788.20 on increased volume of 26,876 shares. This drop contrasted with the Sensex’s sharper fall of 1.16%, indicating Marico’s relative outperformance despite the negative close.

This decline capped a week of mixed price action, with the stock closing just marginally above its previous Friday’s close of Rs.788.10, resulting in a weekly gain of 0.01%. The broader market’s weakness amid global and domestic uncertainties likely weighed on investor sentiment.

Key Takeaways

Positive Signals: Marico demonstrated resilience by outperforming the Sensex throughout the week, despite ending near flat. The stock’s ability to hit multiple 52-week and all-time highs on 23 and 24 February reflects strong technical momentum and investor confidence. The significant surge in open interest and robust derivatives activity signals constructive market positioning and potential for sustained interest. Upgraded mojo rating to ‘Hold’ and strong profitability metrics (ROCE 68.69%, ROE 41.12%) support the stock’s premium valuation.

Cautionary Notes: The sharp valuation reclassification to “very expensive” with a P/E ratio exceeding 60 and stretched price-to-book multiples suggests elevated expectations that may limit near-term upside. The late-week price decline and increased volume on 27 February indicate profit-taking or market caution. Investors should monitor price action closely for signs of consolidation or reversal, especially given the stock’s proximity to recent highs.

Conclusion

Marico Ltd.’s week was characterised by strong technical gains early on, highlighted by new 52-week and all-time highs, supported by active derivatives market participation and improved mojo ratings. Despite a late-week pullback, the stock outperformed the broader Sensex, underscoring its relative strength within the edible oil sector. Elevated valuation multiples reflect market confidence in Marico’s operational excellence and growth prospects, though they also warrant cautious monitoring for potential volatility. Overall, Marico remains a key player demonstrating resilience amid mixed market conditions, with its price action and market positioning providing important signals for investors and traders alike.

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