Marico Ltd Gains 1.86% in Two Days: 4 Key Factors Driving the Momentum

5 January: Marico Hits New 52-Week and All-Time High at Rs.769.25

Marico Ltd. began the week on a strong note, reaching a new 52-week and all-time high of Rs.769.25 on 5 January 2026. The stock closed at Rs.769.25, up Rs.12.30 or 1.62% from the previous close, significantly outperforming the Sensex which declined 0.18% to 37,730.95. This milestone reflected robust momentum supported by the stock trading above all key moving averages (5, 20, 50, 100, and 200-day), signalling sustained buying interest.

The stock’s 33.0% gain from its 52-week low of Rs.577.90 over the past year highlights its resilience. Despite the broader market’s cautious tone, Marico’s relative strength was evident as it outpaced the edible oil sector by 0.51% on the day. The Mojo Score of 65.0 and a recent upgrade to a ‘Hold’ rating further reinforced investor confidence in the company’s fundamentals.

6 January: New Peak at Rs.779.35 Amid Mixed Market Sentiment

On 6 January, Marico Ltd. extended its gains, hitting a fresh 52-week and all-time high of Rs.779.35. The stock closed at Rs.779.20, up Rs.9.55 or 1.24% on the day, despite a slight intraday dip of 0.27%. This performance again outpaced the Sensex, which fell 0.19% to 37,657.70. Marico outperformed the edible oil sector by 0.78%, underscoring its leadership within the segment.

Technical indicators remained bullish with the stock trading above all major moving averages. The one-year total return improved to 19.33%, nearly double the Sensex’s 9.42% over the same period. The Mojo Grade upgrade from ‘Sell’ to ‘Hold’ on 9 December 2025 continued to support the stock’s positive narrative.

7 January: Price Correction Begins with a 0.76% Decline

Following two days of strong gains, Marico’s stock price corrected on 7 January, closing at Rs.773.25, down Rs.5.95 or 0.76%. This decline came amid a modest Sensex gain of 0.03%, indicating some profit-taking or consolidation after the recent highs. The volume also decreased to 22,941 shares, reflecting reduced trading activity.

Despite the dip, the stock remained above key moving averages, suggesting the correction was a short-term pullback rather than a reversal of the uptrend. The broader market’s slight positive movement contrasted with Marico’s decline, highlighting the stock’s sensitivity to profit-taking pressures.

8 January: Sharp Drop of 1.82% Amid Broader Market Weakness

Marico’s stock faced a sharper decline on 8 January, falling Rs.14.05 or 1.82% to close at Rs.759.20. This drop coincided with a significant Sensex fall of 1.41% to 37,137.33, reflecting broader market weakness. The volume further declined to 20,911 shares, indicating cautious investor sentiment.

The stock’s retreat below the previous day’s close suggested increased selling pressure, possibly triggered by profit-booking after the recent rally. However, the price remained above the 50-day and longer-term moving averages, which may provide technical support in the near term.

9 January: Week Closes at Rs.753.70, Down 0.72% on the Day

The week ended with Marico’s stock closing at Rs.753.70, down Rs.5.50 or 0.72% on 9 January. The Sensex also declined by 0.89% to 36,807.62, continuing the broader market’s downward trend. Trading volume remained subdued at 20,748 shares.

This final day’s decline capped a week of volatility where the stock, despite early highs, finished slightly lower. The weekly loss of 0.48% contrasted favourably with the Sensex’s 2.62% drop, indicating relative resilience. The stock’s technical position remains supported by its trading above key moving averages, though the recent pullback signals caution.

Key Takeaways from the Week

Positive Signals: Marico Ltd. demonstrated strong early-week momentum, hitting new 52-week and all-time highs on consecutive days (5 and 6 January). The stock consistently outperformed the Sensex throughout the week, closing the week with a modest loss of 0.48% compared to the Sensex’s 2.62% decline. Technical indicators remain favourable with the stock trading above all major moving averages, reflecting sustained buying interest and underlying strength.

Cautionary Notes: The latter half of the week saw a correction with declines on 7, 8, and 9 January, including a sharp 1.82% drop on 8 January amid broader market weakness. Reduced trading volumes during the sell-off suggest cautious investor sentiment. The recent pullback after reaching all-time highs may indicate profit-taking or consolidation, warranting close monitoring of support levels.

Conclusion

Marico Ltd.’s week was characterised by a strong start with record highs, followed by a moderate correction amid a weakening broader market. Despite the 0.48% weekly decline, the stock outperformed the Sensex by over 2 percentage points, underscoring its relative resilience. The upgraded Mojo Grade to ‘Hold’ and a solid Mojo Score of 65.0 reflect improved fundamentals and market confidence. Investors should note the recent volatility and monitor technical support levels as the stock navigates this consolidation phase within a challenging market environment.

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