Marico spurts on reporting 5% rise in Q3 consolidated net profit
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Marico is currently trading at Rs.509.50, up by 15.70 points or 3.18% from its previous closing of Rs. 493.80 on the BSE.
The scrip opened at Rs. 493.10 and has touched a high and low of Rs. 508.45 and Rs. 493.10 respectively. So far 21985 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 554.05 on 23-Sep-2022 and a 52 week low of Rs. 468.65 on 28-Mar-2022.
Last one week high and low of the scrip stood at Rs. 509.65 and Rs. 492.15 respectively. The current market cap of the company is Rs. 65336.27 crore.
The promoters holding in the company stood at 59.48%, while Institutions and Non-Institutions held 34.95% and 5.57% respectively.
Marico has reported fall of 8.63% in its net profit at Rs 254 crore for third quarter ended December 31, 2022 as compared to Rs 278 crore for the corresponding quarter previous year. Total income of the bank decreased by 0.16% to Rs 1926 crore for the quarter under review as compared to Rs 1929 crore for the same quarter in the previous year.
On the consolidated basis, the bank has reported rise of 5.05% in its net profit at Rs 333 crore for third quarter ended December 31, 2022 under review as compared to Rs 317 crore for the same quarter in the previous year. Total income of the bank marginally increased by 3.33% to Rs 2510 crore for the quarter under review as compared to Rs 2429 crore for the same quarter in the previous year.
