Marico Ltd. Reaches All-Time High, Signaling Strong Market Performance and Volatility

Marico Ltd., a prominent player in the edible oil industry, has reached a significant milestone today, hitting an all-time high of Rs. 745. This achievement marks a notable performance, as the stock has outperformed its sector by 3.53%. Over the past two days, Marico has shown a consistent upward trend, delivering a return of 4.48%.
Today, the stock opened with a gap up of 2.29% and peaked at an intraday high of Rs. 745, reflecting a rise of 4.39%. However, the trading session has been characterized by high volatility, with an intraday volatility rate of 28.27%.

In terms of moving averages, Marico is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a strong short- to long-term performance.

When examining Marico's performance metrics, the stock has shown impressive returns over various time frames. Over the past year, it has gained 22.20%, significantly outperforming the Sensex, which recorded a 4.11% increase. Year-to-date, Marico has achieved a return of 15.88%, compared to the Sensex's 6.65%.