Kotak Securities's Market Watch: Buy Marico with Target Rs 530

Kotak Securities has buy call on Marico at current market price of Rs 508.65. The target price of Marico is Rs 530.

About Marico:

Marico Limited is an Indian multinational consumer goods company headquartered in Mumbai, Maharashtra. Founded in 1988 as a subsidiary of the erstwhile Bombay Oil Industries, Marico produces and markets hair care, skin care, and edible oil products. Key brands include Parachute, Saffola, Kaya Youth, Nihar, and Set Wet. The company has a strong presence in India and international markets across Asia, Africa, and the Middle East. Marico is known for its research and development capabilities and has been recognized for its sustainability initiatives.

52 Week Price Trend:

Marico's current market price (CMP) stands at Rs. 508.65, indicating a rise from its 52-week low of Rs. 462.7 but below its 52-week high of Rs. 595. This suggests that while the stock has recovered some of its value, it still has room for further appreciation. Investors interested in Marico may consider the current CMP as a potential entry point or monitor the stock's performance before making a decision.

Stratzy's Analysis:

MARICO's AA- rating from Stratzy's MOST framework indicates medium fundamental risks. The MOST framework evaluates Management, Outlook, Safety, and Trend to assign ratings ranging from AAA (lowest risk) to CC- (highest risk). MARICO's AA- rating suggests that while it may face some risks, they are manageable and the company has strong fundamentals overall.

Company's Fundamentals:

Marico (NSE:MARICO) is a consumer goods company headquartered in Mumbai, India. It has a Stock PE (price-to-earnings ratio) of 46.43, indicating that its current share price is 46.43 times its earnings per share. The PB Ratio (price-to-book ratio) is 16.13, which means that its market capitalization is 16.13 times its book value. Marico's Dividend Yield, which is the percentage of its current share price that is paid out as dividends, is 0.86%. These ratios provide insight into the company's valuation, profitability, and dividend-paying capacity, helping investors evaluate Marico's financial health and investment potential.

Fundamental and Technical information provided in this blog were last updated on 13 Mar, 2024

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