Stock of the day : Buy Marico Ltd For Taget Rs.518 - Religare Broking
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* The FMCG index is among the top performing sector and currently trading at its record high.
* Marico has been witnessing consolidation within 465-550 levels for the last one and a half years.
* It is seeing a rebound after retesting the lower band of the range and reclaimed the major averages also.
* We thus recommend creating fresh longs in the mentioned zone.
Technical Chart : Daily
Buy Marico Ltd CMP 502.50; Range500-502; SL490; Target 518
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