Marico Ltd. Stock Sees Significant Increase, Outperforms Sector by 6.19%

Oct 30 2024 09:30 AM IST
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Marico Ltd., a leading FMCG company in India, saw a 7.91% increase in its stock price on October 30, 2024, outperforming the sector by 6.19%. This positive trend follows two days of decline, indicating a possible reversal. Despite being lower than its 20-day and 50-day moving averages, the stock remains higher than its 5-day, 100-day, and 200-day moving averages, suggesting a positive long-term trend. Marico Ltd. is known for its popular brands and has a strong presence in the Indian market, making it a promising player in the FMCG sector.

Marico Ltd., a leading FMCG company in India, has seen a significant increase in its stock price on October 30, 2024. The stock has gained 7.91%, outperforming the sector by 6.19%. This positive trend comes after two consecutive days of fall, indicating a possible trend reversal.

The stock opened with a gain of 6.54% today, touching an intraday high of Rs 687.3, which is a 9.3% increase from the previous day's closing price. Marico Ltd. has also shown high volatility today, with an intraday volatility of 61.1%, calculated from the weighted average price.

Despite the recent gains, Marico Ltd.'s stock is still lower than its 20-day and 50-day moving averages. However, it is higher than its 5-day, 100-day, and 200-day moving averages, indicating a positive long-term trend.

According to MarketsMOJO, a leading stock analysis platform, the current stock call for Marico Ltd. is 'Hold'. This recommendation is based on the company's performance today, which has outperformed the Sensex by 0.25%. However, over the past month, Marico Ltd.'s stock has underperformed the Sensex by 2.58%.

Marico Ltd. is a largecap company in the FMCG industry, known for its popular brands such as Parachute, Saffola, and Livon. The company has a strong presence in the Indian market and has shown consistent growth over the years. With its recent stock performance, Marico Ltd. continues to be a promising player in the FMCG sector.
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