Buy Marico Ltd., target Rs 292.0 : Kunal Bothra

Kunal Bothra of ET Now has Buy call on Marico Ltd. with a target price of Rs 292. The current market price of Marico Ltd. is Rs 284.5. Time period given by analyst is Intra Day, when Marico Ltd. price can reach defined target. Kunal Bothra recommended to keep stop loss at Rs 280. The stock has hit a high of Rs 286.80 and a low of Rs 284 so far in trade. The stock has a 52-week high of Rs 286 and a low of Rs 189.30. The scrip has been trading above all crucial moving averages. The stock is trading at a P/E of 52.33 and a price-to-book value of 16.43.