Tata Consultancy Services (TCS): Breakout from rising channel signifies acceleration of upward momentum…
* The Nifty IT index has maintained its relative outper..
Strong growth momentum continue in Saffola, foods
Marico reported a strong set of numbers with 11% domestic volume growth led by continued robust growth in Saffola. R..
Volume growth a surprise; Likely to remain healthy
* Marico’s (MRCO) 2QFY21 earnings were largely in line, barring the 11% volume growth (v/s est. 7.3%). Over t..
Saffola shines with PCNO recovery, muted margin
Marico's result was a mixed bag as the company surpassed our expectations of revenue growth, but the margin remain..
Investment Pick - Marico Ltd.
* Marico reported decent numbers for Q2FY21, its revenue grew by 8.7% YoY to Rs 1,989cr largely driven by domestic volume of 11% and cons..
Steady improvement to continue
Marico Ltd (Marico) reported decent numbers for Q2FY21, its revenue grew by 8.7% YoY to Rs 1,989cr largely driven by domestic volume of..
Good volume-led growth
* Marico’s Q2 sales performance was in line with our estimates with 9% sales growth, driven by 11% domestic volume increase. EBITDA/APAT g..
TECHNICAL RATIONALE – We’re seeing a mixed trend within the FMCG space however Marico has been holding strongly above the support zone of it..
Improving growth outlook in international, Saffola and Parachute, margin headwinds temporary; stock at 33x poised for a re‐rating
* Quarter highlights‐ 9% re..
Buy Marico Ltd For Target Rs.390 - HDFC Securities
Onset of Covid-19 has impacted the consumption in India, however, the government has announ..
MARICO added around 3% in open interest addition as long buildup was seen in it in till closing time. Current chart pattern also indicates further up ..
In the FMCG space, Marico reverted sharply in the current leg of the Nifty compared to other stocks. In the past few months, open interest in the stock has ..
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