Marico Ltd
MARICO

268.90

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

268.05

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

269.25

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
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Accumulate
Reco. Price
Rs 270.00
We recommend an ACCUMULATE on the stock as we see expect revenue to grow at 11% CAGR over FY16-18E. This will be driven by volume growth in Parachute rigid packs, Saffola oil and VAHO helped by capacity expansion at new plants. We see limited upside with stock trading at ~34.2x P/E of FY18E. (Target Price- Rs.290)
Detailed View
50 DMA (.)
258.49
100 DMA (.)
262.08
200 DMA (.)
267.84
Weekly Range (.)
265.50
277.75
Monthly Range (.)
252.55
277.75
52 Weeks Range (.)
231.60
306.90
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