Marico Ltd Gains 3.75%: 6 Key Factors Driving the Week’s Momentum

16 February: Strong Start with 1.74% Gain

Marico Ltd began the week on a positive note, closing at Rs.772.90, up Rs.13.25 or 1.74% from the previous Friday’s close of Rs.759.65. This outpaced the Sensex’s 0.70% gain to 36,787.89, signalling early bullish momentum. The volume of 16,099 shares indicated steady investor interest, setting the tone for the week ahead.

17 February: Modest Gains Amid Market Stability

The stock edged higher by 0.18% to Rs.774.30, with a volume of 13,289 shares, while the Sensex rose 0.32% to 36,904.38. This day’s subdued movement reflected consolidation after the prior day’s strong advance, maintaining the stock’s position above key moving averages and preserving its technical strength.

18 February: New 52-Week and All-Time Highs Amid Volatility

On 18 February, Marico Ltd surged to a new 52-week high of Rs.786 and an all-time high close of Rs.782.8, marking a daily gain of 2.85% (+Rs.22.10). This performance significantly outpaced the Sensex’s 0.43% rise to 37,062.35. The stock’s three-day consecutive gains culminated in a 3.01% total return, underscoring strong buying interest. Intraday volatility was elevated at 44.89%, reflecting active trading and dynamic price discovery. The stock traded above all major moving averages, reinforcing its bullish technical setup.

19 February: New Highs Amid Profit-Taking and Open Interest Surge

Marico Ltd reached a fresh 52-week and all-time high of Rs.799.8 on 19 February, despite closing lower at Rs.778.70, down 2.22% (-Rs.17.70) from the previous day. The stock’s intraday volatility spiked to 96.85%, reflecting heightened trading activity and profit-taking after the recent rally. Notably, open interest in derivatives surged by 25.1% to 41,567 contracts, accompanied by a daily volume of 30,740 contracts, signalling increased market participation and positioning. The futures and options segments combined to a notional value exceeding ₹1.5 lakh crores, underscoring intense speculative and hedging activity. Despite the price dip, Marico remained above all key moving averages, maintaining a bullish technical stance.

20 February: Continued Open Interest Growth and Price Resilience

The stock rebounded to close at Rs.788.10, up 1.21% (+Rs.9.40), supported by a 17.3% rise in open interest to 39,930 contracts and a daily volume of 25,879 contracts. The derivatives market’s total notional value stood at approximately ₹1.34 lakh crores, reflecting sustained trader interest. Delivery volumes increased by 12.38% over the five-day average, indicating growing investor participation. Marico’s price remained just 1.53% below its 52-week high of Rs.800, trading above all major moving averages and signalling ongoing bullish momentum. The edible oil sector gained 1.14%, slightly outperforming Marico’s 0.90% gain, while the Sensex rose 0.62%, highlighting Marico’s alignment with sector trends amid broader market strength.

Daily Price Comparison: Marico Ltd vs Sensex (16-20 Feb 2026)

Key Takeaways

Strong Weekly Outperformance: Marico Ltd’s 3.75% weekly gain notably outpaced the Sensex’s 0.39%, reflecting robust stock-specific momentum amid a mixed market backdrop.

New Highs and Technical Strength: The stock achieved multiple 52-week and all-time highs, closing near Rs.799.8, supported by trading above all key moving averages, signalling sustained bullish momentum.

Heightened Derivatives Activity: Sharp surges in open interest (25.1% on 19 Feb and 17.3% on 20 Feb) alongside elevated volumes and notional values indicate active positioning and increased market participation, suggesting expectations of continued volatility or directional moves.

Volume and Delivery Growth: Rising delivery volumes and healthy liquidity support institutional and retail investor engagement, enhancing the stock’s tradability and market depth.

Mojo Score Upgrade: The upgrade to a Mojo Score of 67.0 with a Hold rating reflects improved fundamentals and market sentiment, aligning with the stock’s price appreciation and technical resilience.

Sector and Market Context: Marico’s performance was largely in line with the edible oil sector’s gains, though it slightly lagged the sector on the final day. The broader Sensex showed mixed trends, underscoring Marico’s relative strength within its industry.

Conclusion

Marico Ltd’s performance during the week of 16-20 February 2026 was characterised by strong price appreciation, record-setting highs, and significant market activity in its derivatives segment. The stock’s ability to outperform the Sensex by over three percentage points, combined with technical strength and an upgraded Mojo rating, highlights its resilience and appeal within the edible oil sector. While the sharp rise in open interest and volatility signals potential near-term price swings, the overall trend remains positive. Investors and traders should monitor ongoing market developments and sector dynamics closely as Marico navigates this phase of heightened momentum and market interest.

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