Technical Trend Evolution and Price Action
Marico’s current market price stands at ₹747.20, reflecting a modest gain of 0.85% from the previous close of ₹740.90. The stock traded within a range of ₹741.35 to ₹759.10 today, inching closer to its 52-week high of ₹780.00, while comfortably above its 52-week low of ₹577.90. This price action aligns with the recent upgrade in technical trend from mildly bullish to bullish, signalling growing investor confidence and potential for further upside.
The daily moving averages have turned decisively bullish, reinforcing the positive momentum. This is complemented by weekly and monthly MACD indicators both registering bullish signals, which typically indicate that the stock’s upward momentum is gaining strength over both short and longer-term horizons.
MACD and RSI: Divergent Signals
The Moving Average Convergence Divergence (MACD) indicator is a key momentum oscillator used to identify trend direction and strength. Marico’s weekly and monthly MACD readings are bullish, suggesting that the stock’s price momentum is accelerating. This is a positive sign for traders looking for confirmation of an uptrend.
Conversely, the Relative Strength Index (RSI) on both weekly and monthly charts currently shows no clear signal, indicating that the stock is neither overbought nor oversold. This neutral RSI reading suggests that there is room for the stock to move higher without immediate risk of a reversal due to overextension.
Bollinger Bands and Moving Averages Confirm Strength
Bollinger Bands on the weekly chart are bullish, with the price trending near the upper band, indicating strong buying pressure. The monthly Bollinger Bands are mildly bullish, signalling a steady but less aggressive upward trend over the longer term. Daily moving averages have crossed into bullish territory, providing additional confirmation of the positive price momentum.
Mixed Signals from KST, Dow Theory, and OBV
The Know Sure Thing (KST) indicator presents a mixed picture: weekly KST is bullish, supporting the short-term momentum, while the monthly KST is mildly bearish, suggesting some caution over the longer term. Dow Theory analysis shows no clear trend on the weekly scale but confirms a bullish trend on the monthly timeframe, indicating that the broader market context remains supportive.
On the volume front, the On-Balance Volume (OBV) indicator shows no trend on the weekly chart and a mildly bearish signal on the monthly chart. This divergence between price momentum and volume could imply that while prices are rising, volume support is not yet robust, warranting close observation for confirmation of sustained moves.
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Comparative Returns and Market Context
Marico’s price momentum is further contextualised by its returns relative to the Sensex benchmark. Over the past week, the stock has declined by 0.78%, slightly underperforming the Sensex’s 0.39% fall. However, over the one-month period, Marico has gained 0.57%, outperforming the Sensex which dropped 3.74%. Year-to-date, the stock is down 0.43%, but this is still better than the Sensex’s 3.95% decline.
Longer-term returns are more encouraging: Marico has delivered a 13.93% return over the past year compared to the Sensex’s 8.61%. Over three years, the stock has surged 48.28%, outpacing the Sensex’s 37.97%, and over five years, it has gained 81.14% versus the Sensex’s 72.66%. Impressively, over a decade, Marico’s return stands at 249.32%, slightly ahead of the Sensex’s 234.22%. These figures highlight the company’s consistent outperformance and resilience in the edible oil sector.
Valuation and Market Capitalisation Insights
Marico currently holds a Market Cap Grade of 2, indicating a mid-cap status with moderate market capitalisation relative to its peers. The company’s Mojo Score has improved to 67.0, reflecting a Hold rating, upgraded from a previous Sell rating on 09 Dec 2025. This upgrade signals a positive reassessment of the stock’s prospects based on recent technical and fundamental developments.
The technical trend upgrade from mildly bullish to bullish aligns with this improved rating, suggesting that the stock is gaining traction among investors and technical analysts alike. The combination of solid price momentum, improving technical indicators, and respectable long-term returns makes Marico a stock worth monitoring closely.
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Investor Takeaway and Outlook
Marico’s recent technical upgrades and price momentum improvement suggest a favourable near-term outlook. The bullish MACD on both weekly and monthly charts, combined with daily moving averages turning positive, indicate that the stock is poised for potential gains. The neutral RSI readings imply that the stock is not yet overbought, leaving room for further appreciation.
However, mixed signals from volume-based indicators such as OBV and the mildly bearish monthly KST warrant caution. Investors should watch for confirmation of volume support to validate the sustainability of the current uptrend. Additionally, the stock’s performance relative to the Sensex and its sector peers should be monitored to gauge broader market influences.
Given the Hold rating and the recent upgrade from Sell, Marico appears to be transitioning into a more favourable technical and fundamental phase. Long-term investors may find the stock’s consistent outperformance attractive, while traders can capitalise on the emerging bullish momentum signals.
Summary of Technical Indicators
- MACD: Weekly and Monthly – Bullish
- RSI: Weekly and Monthly – No Signal (Neutral)
- Bollinger Bands: Weekly – Bullish; Monthly – Mildly Bullish
- Moving Averages: Daily – Bullish
- KST: Weekly – Bullish; Monthly – Mildly Bearish
- Dow Theory: Weekly – No Trend; Monthly – Bullish
- OBV: Weekly – No Trend; Monthly – Mildly Bearish
Overall, the technical landscape for Marico Ltd. is improving, with multiple indicators aligning to support a bullish outlook. Investors should consider these signals alongside fundamental analysis and market conditions to make informed decisions.
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