Marico share price plunged as Sensex gained: Stocks

Marico share price plunged as Sensex gained: Stocks

Marico share price plunged as Sensex gained: Stocks

New Delhi: To begin with, the share price of Marico plunged in the trade today. The share price of the company dropped by 0.07% to Rs. 351.55 in the trade. Besides, the total traded volume on the counter turned over around Rs. 1.27 crores.

Initially, the stock reached a trade high of Rs. 356.00. As well as it reached a trade low of Rs. 351.20 per equity share as of yet. However, the stock traded at a price-to-earnings multiple of 44.65. Its price-to-book ratio stood at 15.01. 

On the other side, the company posted its consolidated net sales of Rs. 1,496.00 crores as of March 2020. Down by 17.98% from the previous quarter, which stood at Rs. 1,824.00 crores.

Despite this, the net profit after tax for the present quarter stood at Rs. 194.00 crores, down by 51.62% from the same quarter a year ago.

Also, as of March 2020, the promoters of the company held 59.46% of its stake. Likewise, the FIIs held a 22.69% stake and DIIs held a 3.89% stake. 

Stock Market Update: 

Stock Market on July 1st: On Wednesday, both Sensex and Nifty seem to trade with a bullish trend in the stock market. The Sensex stood trading high with 35,124.42 levels. Thereby, the Nifty stood trading up to 10,364.75 levels. The Sensex gained 208.85 points with a 0.61% rise. So then, the Nifty has gained 53.65 points with a 0.53% rise.

On the other hand, the number of confirmed COVID-19 cases in India reached 5,85,493 as of July 1st, and deaths reached 17,400.

In the border market, the S&P BSE Midcap index lost 8.50 points with a 0.068% drop and reached a 13,048.02 level. The S&P BSE Smallcap index gained 38.05 points with a 0.29% rise and reached a 12,416.86 level. So then, the Nifty Bank also gained 296.55 points with a 1.39% rise and reached 21,671.35 level.

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