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Stock Picks : Marico Ltd And Bajaj Finserve ltd By ICICI Direct Marico Ltd Buy Marico Ltd @559.50-560.5; Target 567.30; Stop Loss 556.80   Bajaj Finserve Ltd Buy Bajaj Finserve Ltd @ 1469-1471; Target 1453.00; Stop Loss 1480.60   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are of the author and not of the website kindly ...
Stock Picks : Marico Ltd And Bajaj Finserve ltd By ICICI Direct
Stock Picks : Marico Ltd And Bajaj Finserve ltd By ICICI Direct
Source: ICICI Direct
25/08/2023 10:30:03 AM
Stock of the day : Buy Marico Ltd For Target Rs. 585 - Religare Broking Ltd Marico Ltd * Marico has been gradually inching higher after decisive breakout from Triangle pattern, which continued for more than 2 years. * The stock had earlier registered a breakout from brief consolidation and currently prices are placed around the same. * The chart pattern combined with volumes suggests price to resume its prior trend. * We thus recommend creating fresh longs in the mentioned zone. Buy Marico Ltd CMP 557.05; Range 555-558; SL 543; Target 585 &...
Stock of the day : Buy Marico Ltd For Target Rs. 585 - Religare Broking Ltd
Stock of the day : Buy Marico Ltd For Target Rs. 585 - Religare Broking Ltd
Source: Religare Broking Ltd
18/08/2023 10:38:05 AM
Stock Picks : Marico Ltd and Axis Bank Ltd By ICICI Direct Marico Ltd Buy Marico Ltd @560.00-562.00; Target 570.00; Stop Loss 557.70   Axis Bank Buy Axis Bank @944.00-946.00; Target 929.00 Stop Loss 953.60     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are of the author and not of the website kind...
Stock Picks : Marico Ltd and Axis Bank Ltd By ICICI Direct
Stock Picks : Marico Ltd and Axis Bank Ltd By ICICI Direct
Source: ICICI Direct
3/08/2023 11:18:20 AM
Stock of the day : Buy Marico Ltd For Target Rs. 600 - Religare Broking Ltd Marico Ltd * Marico has been gradually inching higher after decisive breakout from Triangle pattern, which continued for more than 2 years. * Formed the base while holding above the support zone of short term moving average i.e. 20 EMA on the weekly chart. * The chart pattern combined with strong volumes suggests a bullish tone to continue. * We thus recommend creating fresh longs in the mentioned zone. Buy Marico Ltd CMP 564.00; Range 560-565; SL 544; Target 600 &n...
Stock of the day : Buy Marico Ltd For Target Rs. 600 - Religare Broking Ltd
Stock of the day : Buy Marico Ltd For Target Rs. 600 - Religare Broking Ltd
Source: Religare Broking Ltd
3/08/2023 11:01:26 AM
Buy Marico Ltd For Taget Rs. 615 - Motilal Oswal Financial Services Ltd Marico’s Jun-Q report was on expected lines as weaker topline was offset by a much higher gross margin. The former was due in part to channel-related adjustments, and price-cuts, which were especially sharp in Saffola. Management cited better secondary sales that reflect a stronger growth picture than what primary numbers suggest. GPM progression was way better than we envisaged; Marico has now upped margin guidance by 50bps and expects GPM to expand 250-300bps, EBITDA expansion of >...
Buy Marico Ltd For Taget Rs. 615 - Motilal Oswal Financial Services Ltd
Buy Marico Ltd For Taget Rs. 615 - Motilal Oswal Financial Services Ltd
Source: JM Financial Institutional Securities Ltd
1/08/2023 11:49:52 AM
Marico gains on reporting 16% rise in Q1 consolidated net profit Marico is currently trading at Rs. 561.20, up by 0.65 points or 0.12% from its previous closing of Rs. 560.55 on the BSE. The scrip opened at Rs. 561.05 and has touched a high and low of Rs. 566.40 and Rs. 560.00 respectively. So far 17053 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 577.25 on 28-Jul-2023 and a 52 week low of Rs. 462.95 on 20-Apr-2023. Last one week high and low of the scrip stood at Rs. 577....
Marico gains on reporting 16% rise in Q1 consolidated net profit
Marico gains on reporting 16% rise in Q1 consolidated net profit
Source: Accord Fintech
1/08/2023 11:13:40 AM
Buy Marico Ltd For Taget Rs.690 - Motilal Oswal Financial Services Ltd * Marico’s (MRCO) 1QFY24 sales came in below our estimate owing to pricing interventions in key domestic portfolios last year and further price cuts in Saffola Oils during the quarter. The beat on profitability was led by higher other income, which included a one-time gain of INR140m from a land sale. * The rural recovery has been slower than expected, but factors like moderating inflation, favorable monsoons, and government spending make the management cautiously optimistic about a ...
Buy Marico Ltd For Taget Rs.690 - Motilal Oswal Financial Services Ltd
Buy Marico Ltd For Taget Rs.690 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
31/07/2023 3:22:59 PM
India`s Marico posts Q1 profit beat as lower costs offset sluggish demand Indian consumer goods maker Marico reported a bigger-than-expected rise in quarterly profit, as a drop in input costs helped overshadow a fall in revenue due to sluggish rural demand. Marico, home to brands including Parachute and Saffola oils, said consolidated net profit rose 15.1% to 4.27 billion rupees ($52 million) in the three months ended June 30. Analysts, on average, had expected a profit of 4.14 billion rupees, according to Refinitiv data. The company's revenue fell 3.2...
India`s Marico posts Q1 profit beat as lower costs offset sluggish demand
India`s Marico posts Q1 profit beat as lower costs offset sluggish demand
Source: Reuters
28/07/2023 6:01:33 PM
Marico rises on inking agreements to acquire up to 58% stake in Satiya Nutraceuticals Marico is currently trading at Rs. 540.30, up by 7.80 points or 1.46% from its previous closing of Rs. 532.50 on the BSE. The scrip opened at Rs. 535.10 and has touched a high and low of Rs. 542.55 and Rs. 532.20 respectively. So far 14974 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 559.00 on 01-Jun-2023 and a 52 week low of Rs. 462.95 on 20-Apr-2023. Last one week high and low of the scrip stood at Rs. 542....
Marico rises on inking agreements to acquire up to 58% stake in Satiya Nutraceuticals
Marico rises on inking agreements to acquire up to 58% stake in Satiya Nutraceuticals
Source: Accord Fintech
27/07/2023 10:37:23 AM
India's Marico to buy 58% stake in plant-based brand for $45 million Indian consumer goods company Marico said on Wednesday it will acquire a 58% stake in Satiya Nutraceuticals, which owns a plant-based nutrition brand, for 3.69 billion rupees ($45 million). Marico, owner of the Parachute oil brand, has so far bought a 32.75% stake in Satiya Nutraceuticals and will complete the acquisition of the remaining stake in tranches by May 2025. This deal comes at a time when plant-based food items are gaining traction and drawing investments. "This deal ...
India's Marico to buy 58% stake in plant-based brand for $45 million
India's Marico to buy 58% stake in plant-based brand for $45 million
Source: Reuters
27/07/2023 9:35:52 AM
Marico inches up on aiming to ramp up revenue from foods portfolio to Rs 850 crore by FY24 Marico is currently trading at Rs. 531.55, up by 0.05 points or 0.01% from its previous closing of Rs. 531.50 on the BSE. The scrip opened at Rs. 534.05 and has touched a high and low of Rs. 535.10 and Rs. 530.90 respectively. So far 3486 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 559.00 on 01-Jun-2023 and a 52 week low of Rs. 462.95 on 20-Apr-2023. Last one week high and low of the scrip stood at Rs. 547.6...
Marico inches up on aiming to ramp up revenue from foods portfolio to Rs 850 crore by FY24
Marico inches up on aiming to ramp up revenue from foods portfolio to Rs 850 crore by FY24
Source: Accord Fintech
18/07/2023 11:43:24 AM
Buy Marico Ltd For Taget Rs.646 - Religare Broking Ltd Marico is one of India’s leading consumer products companies in the global beauty and wellness space. It touches the lives of 1 out of every 3 Indians, through its portfolio of brands such as Parachute coconut hair oil, Saffola edible oil, Saffola ImmuniVeda, Saffola Mealmaker, Hair & Care, Parachute Advansed, Nihar Naturals, Mediker, Coco Soul, Revive, Set Wet, Livon and Beardo and Just Herbs, etc. It has international presence in over 25 countries and a consumer products portfolio...
Buy Marico Ltd For Taget Rs.646 - Religare Broking Ltd
Buy Marico Ltd For Taget Rs.646 - Religare Broking Ltd
Source: Religare Broking Ltd
11/07/2023 11:52:05 AM
Buy Marico Ltd For Taget Rs.610 - Motilal Oswal Financial Services Ltd Macro view: Commodity inflation moderate; normal monsoon expected * The demand trends in the consumer sector remained stable throughout the quarter, although it is not evident whether there was any sequential improvement. * The urban market has been stable while recovery in rural demand remained elusive. * Gradual recovery in rural demand is expected during the year, led by moderating headline inflation, hike in MSPs, easing liquidity pressures, and forecast of a near-normal monsoon....
Buy Marico Ltd For Taget Rs.610 - Motilal Oswal Financial Services Ltd
Buy Marico Ltd For Taget Rs.610 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
7/07/2023 12:14:04 PM
India`s Marico expects June quarter revenue drop on sluggish rural demand  India's Marico said on Wednesday its consolidated revenue for the June quarter fell in the low-single digits percentage range, dragged by sluggish sales in rural markets and a move to cut prices of its Saffola edible oil. "Signs of improvement on a sequential basis were not clearly visible ... the anticipated pickup in rural demand remained elusive," Marico said in a statement. Marico saw sales rise 1.3% in the same quarter last year. The quarterly drop for the three...
India`s Marico expects June quarter revenue drop on sluggish rural demand
India`s Marico expects June quarter revenue drop on sluggish rural demand
Source: Reuters
5/07/2023 5:38:24 PM
Tech Stars : Canara Bank Ltd and Marico Ltd By Religare Broking Canara Bank Ltd Buy Canara Bank Ltd CMP:321.20, Initiation Range 320-322, Stop Loss 307, Target 348 TECHNICAL RATIONALE – The PSU banking index has witnessed a breakout from a congestion zone and Canara Bank is also trading in sync. It has also ended seven-month consolidation phase, after a breakout from a cup and handle pattern (which is continuous in nature), with noticeable surge in volumes.   Marico Ltd Buy Marico Ltd CMP: 5...
Tech Stars : Canara Bank Ltd and Marico Ltd By Religare Broking
Tech Stars : Canara Bank Ltd and Marico Ltd By Religare Broking
Source: Religare Broking Ltd
4/07/2023 11:28:55 AM
Add Marico Ltd For Taget Rs.570 - Yes Securities In 4QFY23, Marico Ltd. (Marico) posted a decent volume (domestic volume growth on a 4? year CAGR basis stood at 6%) and margin performance (consol. gross margin expanded ~250bps QoQ) supported by sustained recovery in consumption trends and moderation in input inflation. Important to note that, for the sector, while Packaged Foods has been resilient, HPC category is moving into the positive territory after six quarters. International business continues to do well for Marico (constant currency...
Add Marico Ltd For Taget Rs.570 - Yes Securities
Add Marico Ltd For Taget Rs.570 - Yes Securities
Source: Yes Securities
11/05/2023 12:36:32 PM
Buy Marico Ltd For Taget Rs.585 - JM Financial Institutional Securities Marico’s 4QFY23 report was on expected lines, and management sounded confident as far as FY24 outlook goes with VAHO possibly being the only question-mark given some level of dependence on rural recovery for a full-blown revival therein. Gross margin picture for FY24 is pretty buoyant and the company is guiding for a potential benefit of 200-250bps. While part of the GPM cushion would understandably be deployed to take A&P spends up to >9% of sales (vs 8.6% in FY23), our calculat...
Buy Marico Ltd For Taget Rs.585 - JM Financial Institutional Securities
Buy Marico Ltd For Taget Rs.585 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
10/05/2023 3:08:48 PM
Marico shines on reporting 19% rise in Q4 consolidated net profit Marico is currently trading at Rs. 529.90, up by 36.25 points or 7.34% from its previous closing of Rs. 493.65 on the BSE. The scrip opened at Rs. 504.00 and has touched a high and low of Rs. 539.50 and Rs. 504.00 respectively. So far 323575 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. 462.95 on 20-Apr-2023. Last one week high and low of the scrip stood at Rs. 53...
Marico shines on reporting 19% rise in Q4 consolidated net profit
Marico shines on reporting 19% rise in Q4 consolidated net profit
Source: Accord Fintech
8/05/2023 2:46:59 PM
Buy Marico Ltd For Taget Rs.590 - Motilal Oswal Financial Services Ltd * Marico’s (MRCO) 4QFY23 sales was in line with our estimates, while the beat on profitability was on account of higher ‘other income’ which included a one-time gain of INR280m from the sale of land. Adjusting for this, profitability was also in line with our estimates. * Employee expenses were up YoY, due to additional costs related to acquisitions and the base was low due to reversals of some management incentives. The management indicated that both gross and EBITDA mar...
Buy Marico Ltd For Taget Rs.590 - Motilal Oswal Financial Services Ltd
Buy Marico Ltd For Taget Rs.590 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
8/05/2023 12:04:15 PM
India's Marico posts 20% jump in Q4 profit on rural demand, easing inflation CHENNAI/BENGALURU- Marico Ltd, home to popular brands Parachute and Saffola, reported a more than 20% jump in quarterly profit, helped by a recovery in rural demand and easing inflation. Consumer goods makers have been winding down price hikes in recent months in line with easing commodity costs, encouraging people to buy more branded products. India's annual retail inflation eased to 5.66% in March, government data showed. The company also pointed to early signs of a demand reco...
India's Marico posts 20% jump in Q4 profit on rural demand, easing inflation
India's Marico posts 20% jump in Q4 profit on rural demand, easing inflation
Source: Reuters
5/05/2023 6:54:13 PM
Stock of the day : Buy Marico Ltd For Taget Rs.518 - Religare Broking * 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  ...
Stock of the day : Buy Marico Ltd For Taget Rs.518 - Religare Broking
Stock of the day : Buy Marico Ltd For Taget Rs.518 - Religare Broking
Source: Religare Broking
4/05/2023 12:22:52 PM
Buy Marico Ltd For Target Rs.560 - ICICI Securities Problems > Solutions Consensus (including us) has four expectations from Marico – (1) drive market share gains led volume growth in coconut oil portfolio, (2) consistency in the performance of VAHO (value added hair oil) with expansion into premium segment, (3) drive penetration-led volume growth in Saffola edible oil, and (4) continued revenue momentum in Foods (to provide comfort on the expansion of Saffola franchise). While Marico has been consistently taking steps (proactive p...
Buy Marico Ltd For Target Rs.560 - ICICI Securities
Buy Marico Ltd For Target Rs.560 - ICICI Securities
Source: ICICI Securities Ltd
1/03/2023 2:20:03 PM
Marico spurts on reporting 5% rise in Q3 consolidated net profit 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....
Marico spurts on reporting 5% rise in Q3 consolidated net profit
Marico spurts on reporting 5% rise in Q3 consolidated net profit
Source: Accord Fintech
6/02/2023 10:35:45 AM
Weekly Derivatives Synopsis and Stock Picks by Asit C Mehta Investmentz Nifty  Technical View * The index started the week on a positive note and continued consolidation in a narrow band. Finally, the index settled the week on a marginally positive note at 18028. * Technically, the index on a weekly scale has formed a doji candlestick pattern. However, the index is constantly facing trend line resistance on a daily scale and finding it difficult to sustain above the 34-days exponential moving average. Thus, for the short term, 18150 will act as firs...
Weekly Derivatives Synopsis and Stock Picks by Asit C Mehta Investmentz
Weekly Derivatives Synopsis and Stock Picks by Asit C Mehta Investmentz
Source: PR Agency
23/01/2023 12:18:36 PM
Buy Marico For Target Rs . 595 - Motilal Oswal Financial Services Broadly in line with volume and EBITDA expectation Highlights from MRCO’s 3QFY23 pre-quarterly update Macro view: Urban demand continues to grow steadily * The consumer sector witnessed some demand uptick, which was more visible in specific categories, fuelled by the festive season and oncoming winter season. * Urban – Urban and premium categories maintained their steady pace of growth. * Rural – Rural demand was not discernible as retail inflation continued t...
Buy Marico For Target Rs . 595 - Motilal Oswal Financial Services
Buy Marico For Target Rs . 595 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
5/01/2023 3:32:34 PM
India`s Marico acquires Vietnamese Beauty X Corp for Rs 172 cr India's consumer goods major Rs 95 billion turnover Marico Ltd's subsidiary Marico South-East Asia Corporation (MSEA) has inked an agreement to acquire Vietnamese Beauty X Corporation for about Rs 172 crore. According to Marico, the Rs 82 crore turnover Vietnamese company Beauty X owns female personal care brands "Purite de Provence" and "Oliv", offering premium and differentiated hair care and skin care products like such as shower gels, shampoos, conditioners,...
India`s Marico acquires Vietnamese Beauty X Corp for Rs 172 cr
India`s Marico acquires Vietnamese Beauty X Corp for Rs 172 cr
Source: Reuters
9/12/2022 4:43:51 PM
Marico edges higher on acquiring additional stake in Apcos Naturals Marico is currently trading at Rs. 500.00, up by 0.50 points or 0.10% from its previous closing of Rs. 499.50 on the BSE. The scrip opened at Rs. 500.00 and has touched a high and low of Rs. 505.30 and Rs. 497.40 respectively. So far 94920 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 559.45 on 16-Nov-2021 and a 52 week low of Rs. 455.80 on 27-Jan-2022. Last one week high and low of the scrip stood at Rs. 524....
Marico edges higher on acquiring additional stake in Apcos Naturals
Marico edges higher on acquiring additional stake in Apcos Naturals
Source: Accord Fintech
14/11/2022 2:33:13 PM
Add Marico Ltd For Target Rs.570- ICICI Securities Problems > Solutions 2Q overall performance was underwhelming with weak trajectory in Parachute and Value-Added Hair Oil. Overall volumes were up +3% YoY (+7% 3-year CAGR) with good performance in Saffola portfolio (edible oils recovered driven by pricing interventions). It highlighted that the macro continues to be tough with a starker divergence between rural and urban growths. Market shares gains in key portfolio and a resilient international portfolio are key positives. There was im...
Add Marico Ltd For Target Rs.570- ICICI Securities
Add Marico Ltd For Target Rs.570- ICICI Securities
Source: ICICI Securities
8/11/2022 12:24:33 PM
Hold Marico Ltd For Target Rs.560 - ICICI Direct Commodity basket trending down; margin to inch up About the stock: Marico is one of the major FMCG companies present in hair oil, edible oil, foods & personal care segment. Major brands include Parachute, Saffola, Nihar, Hair & Care, Set Wet, Livon & Beardo. * Marico has an overall distribution network of more than 5.6 million (mn) outlets and direct reach of ~1 mn outlets. Through its stockist network, it reaches 59000 villages * With high gross margins of 45-50%, the co...
Hold Marico Ltd For Target Rs.560 - ICICI Direct
Hold Marico Ltd For Target Rs.560 - ICICI Direct
Source: ICICI Direct Ltd
7/11/2022 2:04:19 PM
Diwali Fundamental Muhurat Picks By Angel One Federal Bank * Federal bank is one of India's largest old generation private sector banks. At the end of Q2 FY2023 the bank had advances of Rs. 1.61 lakh cr. And deposits of Rs 1.89 lakh cr. The bank predominantly has a secured lending book which helped limit asset quality issues during the Covid 19 pandemic. * Federal Bank has posted a good set of numbers for Q2FY23 as NII, and Advances increased by 19.1%/19.9% YoY. Provisioning for the quarter was up by mere 9% YoY because of whic...
Diwali Fundamental Muhurat Picks By Angel One
Diwali Fundamental Muhurat Picks By Angel One
Source: Angel One Ltd
22/10/2022 2:06:16 PM
Buy Marico Ltd For Target Rs.620 - Motilal Oswal Financial Services Domestic volumes grew in low single-digits Macro view: Rural India remains a drag * Demand sentiments were similar to 1QFY23, with signs of positivity seen in Sep’22. * Downtrading in the rural India was prevalent due to retail inflation, while the healthy momentum in Urban and Premium Discretionary continued. * The management expects consumption to be better in 2HFY23 on account of a reasonably healthy rainfall, moderation in commodity costs, and cooling off of retail infla...
Buy Marico Ltd For Target Rs.620 - Motilal Oswal Financial Services
Buy Marico Ltd For Target Rs.620 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
4/10/2022 11:35:03 AM
Buy Marico Ltd For Target Rs.610- ICICI Direct Derivatives and Quantitative Outlook * In the recent Nifty consolidation, midcap and small cap stocks are witnessing a catch up exercise. We believe the Nifty may continue its consolidation for some time after the sharp up move seen in the last couple of months. However, a fresh up move is likely to be seen in FMCG stocks where apart from sectoral heavyweights, select midcap stocks are likely to perform in the coming sessions. Stocks like Marico, which has been witnessing delivery based bu...
Buy Marico Ltd For Target Rs.610- ICICI Direct
Buy Marico Ltd For Target Rs.610- ICICI Direct
Source: ICICI direct
23/09/2022 9:51:23 AM
Buy Marico Ltd. Target Rs. 610 - Religare Broking * Marico is among the top performing names from the FMCG pack as it has been maintaining a steady long-term uptrend since 2004. * It tends to witness time-wise correction after a strong up move, barring a couple of occasions wherein the stock price also deteriorated during the countertrend moves. * In line with past instances, it has been trading in corrective bias for the last one year, after the phenomenal surge from the April 2020 low i.e. 229 to a new record high of 607.7 in October...
Buy Marico Ltd. Target Rs. 610 - Religare Broking
Buy Marico Ltd. Target Rs. 610 - Religare Broking
Source: Religare Broking Ltd
22/09/2022 11:45:50 AM
Marico surges on eyeing to expand health care brand Saffola Marico is currently trading at Rs. 518.10, up by 1.05 points or 0.20% from its previous closing of Rs. 517.05 on the BSE. The scrip opened at Rs. 515.05 and has touched a high and low of Rs. 519.35 and Rs. 512.25 respectively. So far 18782 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 606.00 on 18-Oct-2021 and a 52 week low of Rs. 455.80 on 27-Jan-2022. Last one week high and low of the scrip stood at Rs. 526....
Marico surges on eyeing to expand health care brand Saffola
Marico surges on eyeing to expand health care brand Saffola
Source: Accord Fintech
26/08/2022 4:39:44 PM
Buy Marico Ltd For Target Rs. 605 - Motilal Oswal Financial Services Margin surprise, volume growth to recover graduall * MRCO’s 1QFY23 earnings were in line on the volume, sales, and gross profit front, but surprised positively at the EBITDA and PAT level. The margin base gets less challenging from 2QFY23. * The company is witnessing less intense margin pressures as compared to its peers. Over an FY22 base, it is likely to report an EBITDA and earnings growth of 15-16% CAGR over FY22-24. We maintain our Buy rating.   Sales and gross mar...
Buy Marico Ltd For Target Rs. 605 - Motilal Oswal Financial Services
Buy Marico Ltd For Target Rs. 605 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
9/08/2022 9:30:43 AM
Marico trades higher on reporting marginal rise in Q1 consolidated net profit Marico is currently trading at Rs. 525.75, up by 6.20 points or 1.19% from its previous closing of Rs. 519.55 on the BSE. The scrip opened at Rs. 525.00 and has touched a high and low of Rs. 527.70 and Rs. 521.20 respectively. So far 15861 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 606.00 on 18-Oct-2021 and a 52 week low of Rs. 455.80 on 27-Jan-2022. Last one week high and low of the scrip stood at Rs. 536....
Marico trades higher on reporting marginal rise in Q1 consolidated net profit
Marico trades higher on reporting marginal rise in Q1 consolidated net profit
Source: Accord Fintech
8/08/2022 11:09:32 AM
Buy Marico Ltd For Target Rs.600 - Motilal Oswal India business witnesses mid-single digit volume decline on high base Highlights from MRCO’s 1QFY23 pre-quarterly update Macro view: Sector continues to experience muted demand * Consumption trends have remained subdued as the rising retail inflation has exerted pressure on the share of wallet for the FMCG sector. * Consumers have evaluated consumption in non-essential categories and downtraded or moved to smaller packs for essential categories. * Premium discretionary ca...
Buy Marico Ltd For Target Rs.600 - Motilal Oswal
Buy Marico Ltd For Target Rs.600 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
7/07/2022 12:30:04 PM
Marico acquires additional stake of 4.14% in Apcos Naturals Marico has acquired an additional stake of 4.14% of the equity capital of Apcos Naturals, thereby increasing its equity stake from 52.38% to 56.52%. The strategic investment in Apcos Naturals will lead to Marico participating in the premium, natural and ayurvedic beauty segment and capitalising on the growing direct to consumer sales channel. Marico is one of India’s leading Consumer Products Group, in the global beauty and wellness space. Its products are sold in India and about 25 ...
Marico acquires additional stake of 4.14% in Apcos Naturals
Marico acquires additional stake of 4.14% in Apcos Naturals
Source: Accord Fintech
5/07/2022 9:17:50 AM
Marico surges on acquiring 53.98% stake in HW Wellness Solutions Marico is currently trading at Rs. 534.40, up by 3.00 points or 0.56% from its previous closing of Rs. 531.40 on the BSE. The scrip opened at Rs. 540.60 and has touched a high and low of Rs. 540.60 and Rs. 527.35 respectively. So far 17660 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 606.00 on 18-Oct-2021 and a 52 week low of Rs. 455.80 on 27-Jan-2022. Last one week high and low of the scrip stood at Rs. 540....
Marico surges on acquiring 53.98% stake in HW Wellness Solutions
Marico surges on acquiring 53.98% stake in HW Wellness Solutions
Source: Accord Fintech
24/05/2022 11:26:40 AM
Buy Marico Ltd For Target Rs. 560 - JM Financial Services FY23 margin picture not scary unlike peers’ The street’s perception of Marico being one of the very few companies in the sector that would escape the current chaos caused by severe commodity-costs inflation might just play out in FY23, as per our calculations, even though the same did not hold out as far as 2HFY22 was concerned. The two key management expectations of Parachute volumes uplift and overall margin trajectory improving sequentially in Mar’22-Q were foiled by t...
Buy Marico Ltd For Target Rs. 560 - JM Financial Services
Buy Marico Ltd For Target Rs. 560 - JM Financial Services
Source: JM Financial Services Ltd
14/05/2022 10:05:47 AM
Buy Marico Ltd For Target Rs. 600 - Yes Securities Result in line; material cost outlook benign MRCO’s 4QFY22 result was in line our estimates. With: a) key raw material, Copra, likely to be stable in FY23E; b) likelihood of 5-7% domestic volume growth in FY23E; c) continued healthy outlook on its international business sales and margins; and d) inexpensive valuation of 39x FY24E, we remain positive on MRCO from a one-year perspective amid an uncertain outlook for peers, especially given its high-teens earnings growth potential in...
Buy Marico Ltd For Target Rs. 600 - Yes Securities
Buy Marico Ltd For Target Rs. 600 - Yes Securities
Source: Motilal Oswal Financial Services Ltd
6/05/2022 11:58:25 AM
Buy Marico Ltd For Target Rs.630 By Motilal Oswal 4QFY22 update: Consolidated sales above expectations; marginal profit growth led by higher A&P spends Highlights from MRCO’s 4QFY22 pre-quarterly update Macro view: FMCG volumes decline during Jan-Feb’22 period * Consumption trends in 4QFY22 remained subdued due to weak rural sentiment and further inflation in global commodities led by the ongoing geopolitical crisis. * Sustained inflation trajectory continued to hurt consumer spends across rural and urban sectio...
Buy Marico Ltd For Target Rs.630 By Motilal Oswal
Buy Marico Ltd For Target Rs.630 By Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
14/04/2022 11:00:59 AM
Buy Marico For Target Rs. 525 - Religare Broking Religare Super Idea**   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330   Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
Buy Marico For Target Rs. 525 - Religare Broking
Buy Marico For Target Rs. 525 - Religare Broking
Source: Religare Broking Ltd
16/03/2022 11:14:33 AM
Large Cap : Buy Marico Ltd For Target Rs.560 - Geojit Financial Resilient growth despite industry pressure Headquartered in Mumbai, Marico Limited is a leading Indian FMCG company with exports to over 25 countries. The company’s product portfolio includes brands such as Parachute, Saffola, and Livon. * Q3FY22 revenue registered a healthy growth of 13.4% YoY (-0.5% QoQ) on strong volume and demand growth in both domestic and international markets on YoY basis, whereas QoQ was impacted due to lower FMCG spending as a result of inflation. * EB...
Large Cap : Buy Marico Ltd For Target Rs.560 - Geojit Financial
Large Cap : Buy Marico Ltd For Target Rs.560 - Geojit Financial
Source: Geojit Financial Services Ltd
4/02/2022 11:13:50 AM
Stock Picks - Marico Ltd And Multi Commodity Exchange​​​​​​​ Ltd By ICICI Direct Marico Sell Marico Ltd @477.00-479.00 CMP 479.00 TGT 468.60​​​​​​​ SL 482.8   Multi Commodity Exchange​​​​​​​ Sell​​​​​​​ Multi Commodity Exchange​​​​​​​ Ltd @1532.00-1536.00 CMP 1536.00 TGT 1504.00 SL 1549.60   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants a...
Stock Picks - Marico Ltd And Multi Commodity Exchange​​​​​​​ Ltd By ICICI Direct
Stock Picks - Marico Ltd And Multi Commodity Exchange​​​​​​​ Ltd By ICICI Direct
Source: ICICI Direct
24/01/2022 11:11:12 AM
Buy Marico Ltd For Target Rs.655 - Motilal Oswal 3QFY22 update: Sluggish rural demand dampens performance Highlights from MRCO’s pre-quarterly update for 3QFY22 Macro view​​​​​​​ * The quarter was characterized by slowing consumption patterns, which affected the sector as a whole. * This was largely due to a) continued inflation impacting overall disposable incomes as well as b) rising mobility unleashing some degree of pent-up demand for discretionary goods, services, and out-of-home consumption.   3QFY22 ...
Buy Marico Ltd For Target Rs.655 - Motilal Oswal
Buy Marico Ltd For Target Rs.655 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
4/01/2022 11:27:31 AM
Hold Marico Ltd For Target Rs.685 - ICICI Direct Massive cost inflation puts brakes on Saffola growth… About the stock: Marico is one of the major FMCG companies present in hair oil, edible oil, foods & personal care segment. Major brands include Parachute, Saffola, NIhar, Hair & Care, Set Wet, Livon & Beardo. * Marico has an overall distribution network of more than 5 million outlets and direct reach of ~1 million outlets. Through its stockist network, it reaches 58000 villages * With high gross margins of ~50%,...
Hold Marico Ltd For Target Rs.685 - ICICI Direct
Hold Marico Ltd For Target Rs.685 - ICICI Direct
Source: ICICI Direct
3/12/2021 9:40:20 AM
Add Marico Ltd For Target Rs.600 - ICICI Securities Sustained momentum across most brands but inflation headwinds to remain Two key things which we liked (1) intent to drive growth in the premium hair oil portfolio and (2) prompt 2-3% price cut in Parachute oil with some softening in copra – we believe small players (typically) benefit if large players don’t lead price cuts during RM down cycle. 2Q volumes grew 8% YoY (on an underlying basis) on a good broadbased performance (except Saffola edible oil). Market share gains and su...
Add Marico Ltd For Target Rs.600 - ICICI Securities
Add Marico Ltd For Target Rs.600 - ICICI Securities
Source: ICICI Securities Ltd
27/11/2021 11:56:50 AM