Marico Ltd. Reaches All-Time High in Stock Price, Rated 'Buy' by MarketsMOJO

Marico Ltd., a leading FMCG company, has recently reached an all-time high in its stock price on October 3rd, 2024. This is a significant milestone for the company, showcasing its strong performance and growth in the market.

According to MarketsMOJO, a leading stock market analysis and research platform, Marico's stock is currently rated as a 'Buy'. This is a positive indication for investors, as it reflects the company's potential for future growth and profitability.

In terms of price performance, Marico's stock is currently trading at a 0.72% premium to its 52-week high of Rs 713.6. This shows the company's consistent upward trend in the market. Additionally, on the day of the all-time high, the stock outperformed the sector by 3.65%, reaching an intraday high of Rs 710.

Marico's stock is also performing well in comparison to its moving averages. It is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a strong and sustained uptrend in the company's stock price.

In the past year, Marico has shown a growth of 23.56%, while the Sensex has grown by 27.50%. This further highlights the company's strong performance and its ability to outperform the market.

Overall, Marico's recent all-time high in stock price is a testament to its success and growth in the FMCG industry. With a 'Buy' rating from MarketsMOJO and a consistent upward trend in its stock price, Marico is a promising investment for those looking for a stable and profitable company in the largecap segment.