Sell Marico, target Rs 295: Sagar Doshi

Sell Marico at a price target of Rs 295 and a stop loss at Rs 320 from the entry point.

Sagar Doshi of Edelweiss Financial Services has a sell call on Marico with a target price of Rs 295.

The current market price of Marico is Rs 310.

Time period given by the analyst is intraday when Marico price can reach defined target.

Sagar Doshi recommended to keep a stop loss at Rs 320.

Marico, incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 40,013.91 Crore) operating in Personal Care sector.

The company’s top management includes Mr.Ananth Narayanan, Mr.B S Nagesh, Mr.Harsh Mariwala, Mr.Nikhil Khattau, Mr.Rajeev Bakshi, Mr.Rajen Mariwala, Mr.Rishabh Mariwala, Mr.Saugata Gupta, Ms.Hema Ravichandar.
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Company has B S R & Co. LLP as its auditors.

As on 30-09-2017, the company has a total of 1,290,771,198 shares outstanding.
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