/ After Q4 Results Marico Touches Fresh 52-Week High Citi Retains Buy ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 3 May 2017

Marico share prices surged as much as 3.3% in the first half of the trading session on Wednesday and touched a fresh 52-week high of Rs 329.80 per share.

The stock is reacting to its Q4 results where it reported a 25.50% increase in consolidated net profit at Rs 170.91 crore owing to the growth recorded in the domestic market. The company, in January-March quarter, reported a net profit of Rs 136.18 crore. Citigroup in its recent coverage has maintained buy rating in the counter.

The good recovery in the domestic sales also reflected in the Q4 results has pushed the stock prices higher for Marico. Mumbai-based Marico is an Indian consumer goods company providing consumer products and services in the areas of health and beauty.

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