Marico Ltd. Stock Sees Decline, Underperforms Sector and Sensex

Marico Ltd., a leading FMCG company in India, has recently seen a decline in its stock price. On November 12, 2024, the company's stock lost -3.14% of its value, underperforming the sector by -1.85%. This has led to a 'Hold' call by MarketsMOJO for the stock.

In the past four days, Marico's stock has been on a downward trend, with a fall of -7.38% in its returns. On the same day, the stock touched an intraday low of Rs 598.8, a decrease of -2.85%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the overall performance of the Sensex, Marico's stock has underperformed with a -3.08% return in the last 1 day and a -13.10% return in the last 1 month. This is in contrast to the Sensex's -0.16% and -2.47% returns in the same periods, respectively.

While the reasons for the decline in Marico's stock price are not mentioned, investors should keep an eye on the company's performance in the coming days. As a largecap company in the FMCG industry, Marico has a significant impact on the market and its stock performance can be indicative of the overall sector's performance.