Marico Ltd. Reaches New Milestone with 52-Week High Stock Price
Marico Ltd., a leading FMCG company, has recently reached a new milestone as its stock price touched a 52-week high on October 3rd, 2024. This positive development has been welcomed by investors and market experts, with MarketsMOJO giving a 'Buy' call for the stock.
The stock has been performing exceptionally well, outperforming the sector by 4.1% today. It reached an intraday high of Rs 719.8, showing a 4.3% increase. Marico Ltd. has also been consistently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.
In the past year, Marico Ltd. has shown a growth of 21.54%, while the Sensex has grown by 27.81%. This showcases the company's strong performance and its ability to deliver value to its shareholders.
Marico Ltd. is a largecap company in the FMCG industry, known for its popular brands such as Parachute, Saffola, and Livon. With its consistent growth and positive market sentiment, it is definitely a stock to watch out for in the coming days.
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