Marico shares gain 1.24% as Sensex rises

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ACC Ltd. shares  up  5.37% as Nifty  drops


Shares of Ltd. traded 1.24 per cent higher in Thursday’s session at 11:44AM (IST). The stock opened at Rs 410.0 and has touched an intraday high and low of Rs 414.1 and Rs 408.15, respectively, during the session so far.

The stock quoted a 52-week high of Rs 439.0 and a 52-week low of 266.5. About 271,000 shares changed hands on the counter so far.

Benchmark Nifty50 was up 104.2 points at 14923.25, while the BSE Sensex traded 308.09 points higher at 49969.85 at the time of writing of this report.

In the Nifty pack, 47 stocks traded the day in the green, while 3 were in the red.

Key Financials

For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 2146.0 crore, up 6.45 per cent from the previous quarter’s Rs 2016.0 crore and up 15.81 per cent from the year-ago quarter. The company reported net profit of Rs 307.0 crore for the latest quarter.

Promoter Holdings

Promoters held 59.61 per cent stake in the company as of 31-Dec-2020, while FIIs held 24.16 per cent and MFs 2.12 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 382.9 on April 08, while the 50-DMA was at Rs 407.62. If a stock trades 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 as bearish trend and if trades between these averages, then it suggests the stock can go either way.



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