Marico Ltd. Reaches 52-Week High, Outperforms Sector and Sensex

Sep 20 2024 11:05 AM IST
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Marico Ltd., a leading FMCG company, has reached a new milestone as its stock price hit a 52-week high on September 20, 2024. The stock has been performing well, outperforming the sector by 0.55% and showing consecutive gains for the last 3 days. Marico's stock is currently trading higher than its moving averages, indicating a strong upward trend. Despite slightly lower growth compared to the Sensex, Marico remains a stable and promising investment option in the FMCG industry.

Marico Ltd., a leading FMCG company, has recently reached a new milestone as its stock price touched a 52-week high on September 20, 2024. This positive development has been noted by MarketsMOJO, who have given a 'Buy' call for the stock.

The stock has been performing well, outperforming the sector by 0.55% today. It has also shown a consecutive gain for the last 3 days, with a 2.13% increase in returns during this period. Marico's stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

In comparison to the Sensex, Marico has shown a 22.95% growth in the past year, slightly lower than the Sensex's performance of 25.68%. However, this still showcases the company's consistent growth and stability in the market.

Marico is a largecap company in the FMCG industry, known for its popular brands such as Parachute, Saffola, and Livon. With its strong performance and positive outlook, it continues to be a promising investment option for investors.
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