Markets

Buy Marico, target Rs 357: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Marico Ltd. with a target price of Rs 357. The current market price of Marico Ltd. is Rs 347.7 Time period given by analyst is Intra Day when Marico Ltd. price can reach defined target. Dr CK Narayan recommended to keep stoploss at Rs 341. Marico Ltd., incorporated in 1988, is a largecap company with a market cap of Rs 44883.36 crore.

Marico Ltd. key Products/Revenue Segments include Edible Oil which contributed Rs 2805.62 Crore to Sales Value (58.93 % of Total Sales), Hair Oil which contributed Rs 1301.89 Crore to Sales Value (27.34 % of Total Sales), Personal Care which contributed Rs 357.58 Crore to Sales Value (7.51 % of Total Sales), Others which contributed Rs 164.12 Crore to Sales Value (3.44 % of Total Sales), Oil Seeds which contributed Rs 114.17 Crore to Sales Value (2.39 % of Total Sales), Export Incentives which contributed Rs 10.63 Crore to Sales Value (0.22 % of Total Sales), Scrap which contributed Rs 6.36 Crore to Sales Value (0.13 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-09-2018, the company has reported a Consolidated sales of Rs 1836.82 Crore, down -9.37 % from last quarter Sales of Rs 2026.79 Crore and up 19.56 % from last year same quarter Sales of Rs 1536.29 Crore Company has reported net profit after tax of Rs 217.59 Crore in latest quarter. The companys top management includes Mr.Ananth Narayanan, Mr.B S Nagesh, Mr.Harsh Mariwala, Mr.Nikhil Khattau, Mr.Rajeev Bakshi, Mr.Rajen Mariwala, Mr.Rishabh Mariwala, Mr.Saugata Gupta, Ms.Hema Ravichandar. Company has B S R & Co. LLP as its auditoRs As on 30-09-2018, the company has a total of 1,290,864,398 shares outstanding.

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