Buy Marico, target price Rs 435: Yes Securities

Marico Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 52598.29 Crore) operating in FMCG sector.

By ETMarkets.com | Updated: Dec 30, 2020, 10.32 AM IST

Promoters held 59.6 per cent stake in the company as of Sept 30, 2020, while FIIs held 23.7 per cent, DIIs 10.4 per cent and public and other 6.2 per cent.

Yes Securities has buy call on Marico with a target price of Rs 435. The current market price of Marico Ltd. is Rs 403.75.

Marico Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 52598.29 Crore) operating in FMCG sector.

Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 1989.00 Crore, up 3.32 % from last quarter Sales of Rs 1925.00 Crore and up 8.75 % from last year same quarter Sales of Rs 1829.00 Crore Company reported net profit after tax of Rs 273.00 Crore in latest quarter.

Investment Rationale
With sustained move above important averages, the stock has defended levels of Rs 395 on a closing basis. The stock is likely to resume its northbound journey towards the uncharted zone.

Promoter/FII Holdings
Promoters held 59.6 per cent stake in the company as of Sept 30, 2020, while FIIs held 23.7 per cent, DIIs 10.4 per cent and public and other 6.2 per cent.

Not making enough money in stocks? Click here for real-life stories of successful investors.

Too busy to trade in stocks? Invest in Mutual Funds with ET Money!