Marico slips amid concerns of business being affected due to Bangladesh political crisis
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Marico is trading under pressure amid cautiousness as its business being affected due to ongoing political crisis in Bangladesh. The company’s Bangladesh revenue share in international business stands around 48% of the revenue in FY23. Within the International business, Bangladesh registered 10% CCG (constant currency growth) as the business stayed resilient and sustained its momentum.
Marico is currently trading at Rs. 644.75, down by 27.65 points or 4.11% from its previous closing of Rs. 672.40 on the BSE.
The scrip opened at Rs. 672.40 and has touched a high and low of Rs. 672.40 and Rs. 642.55 respectively. So far 166687 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 690.95 on 30-Jul-2024 and a 52 week low of Rs. 486.75 on 19-Mar-2024.
Last one week high and low of the scrip stood at Rs. 683.60 and Rs. 642.55 respectively. The current market cap of the company is Rs. 83588.09 crore.
The promoters holding in the company stood at 59.28%, while Institutions and Non-Institutions held 35.81% and 4.90% respectively.
Marico is one of India’s leading Consumer Products Group, in the global beauty and wellness space.
