Shares of Marico rise as Nifty gains

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Tata Power Company Ltd. shares  rise  1.63% as Nifty  gains


Shares of Ltd. gained 0.57 per cent to Rs 425.6 in Friday’s trade as of 12:51PM (IST). It hit a high of Rs 427.65 and low of Rs 422.5 during the session.

The stock quoted a 52-week high price of Rs 439.0 and a low of Rs 277.45. The return on equity for the stock stood at 34.05 per cent. About 23,680 shares have changed hands on the counter so far.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 0.8.

The scrip has been an underperformer, up 38.7 per cent in the past one year in comparison with a 77.54 per cent gain in Sensex.

Technicals

On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 277.45 on April 16, while the 50-DMA was at Rs 408.26. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding

Promoters held 59.47 per cent stake in Marico Ltd. as of 31-Dec-2020. Mutual funds and foreign institutional investors held 2.12 per cent and 24.16 per cent stake.



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