Marico Ltd. Stock Reaches All-Time High, Outperforms Sector and Shows Strong Growth

Sep 17 2024 09:25 AM IST
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Marico Ltd., a leading FMCG company, has reached an all-time high stock price on September 17, 2024. It has outperformed the sector by 0.43% and has been on a consecutive gain for the last 2 days with a 2.26% increase. The stock is trading above its moving averages and has shown a 21.18% growth in the last year.

Marico Ltd., a leading FMCG company, has reached a new milestone as its stock price touched an all-time high on September 17, 2024. This positive development has been noted by MarketsMOJO, who have given a 'Buy' call for the stock.

The stock has been performing exceptionally well, outperforming the sector by 0.43% today. It has also been on a consecutive gain for the last 2 days, with a 2.26% increase in returns during this period. This is a clear indication of the company's strong performance and investor confidence.

Marico Ltd. has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which further reinforces its positive trend in the market.

In comparison to the Sensex, Marico Ltd. has shown a 21.18% growth in the last year, slightly lower than the Sensex's 22.19% growth. However, this is still a commendable performance for a largecap company in the FMCG industry.

With its consistent growth and strong market position, Marico Ltd. is definitely a stock to watch out for. Investors can take advantage of this positive trend and consider adding Marico Ltd. to their portfolio.
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