Marico Ltd. Reaches All-Time High and Receives 'Buy' Call from MarketsMOJO

Marico Ltd., a leading FMCG company, has recently reached an all-time high in its stock price on September 20, 2024. This positive trend has been supported by a 'Buy' call from MarketsMOJO, a renowned stock market analysis platform.

The stock is currently trading at a price that is only 0.13% away from its 52-week high of Rs 705.15. In today's trading session, Marico has outperformed the sector by 0.45%. This is a significant achievement for the company, as it shows its strong performance and potential for growth.

Marico's stock has been on a consecutive upward trend for the last 3 days, with a 1.97% increase in returns during this period. The stock has also been trading in a narrow range of Rs 6.75, indicating stability and confidence in the market.

Moreover, Marico's stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This further reinforces the positive sentiment surrounding the company's stock.

In comparison to the Sensex, Marico's stock has shown a 22.79% increase in the last year, while the Sensex has only grown by 25.86%. This demonstrates Marico's strong performance and potential for growth in the FMCG industry.

Overall, Marico Ltd. has shown a remarkable performance in the stock market, reaching an all-time high and receiving a 'Buy' call from MarketsMOJO. With its consistent growth and positive outlook, Marico is a promising investment option in the FMCG sector.