Marico surges on getting nod for business restructuring

07 Jan 2013 Evaluate

Marico is currently trading at Rs. 227.95, up by 3.55 points or 1.58% from its previous closing of Rs. 224.40 on the BSE.

The scrip opened at Rs. 227.00 and has touched a high and low of Rs. 230.00 and Rs. 223.00 respectively. So far 44288 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 250.00 on 03-Dec-2012 and a 52 week low of Rs. 146.10 on 23-Jan-2012.

Last one week high and low of the scrip stood at Rs. 228.95 and Rs. 217.40 respectively. The current market cap of the company is Rs. 14602.63 crore.

The promoters holding in the company stood at 59.78% while Institutions and Non-Institutions held 33.12% and 7.10% respectively.

Marico has got board of director’s nod for restructuring of its businesses, corporate entities and organization, with effect from April 1, 2013. The company has taken this initiative to build on Marico’s sustained value creation, considering the increasing convergence of its businesses in Consumer Products in India and the International Business Group. The company has also approved the restructuring of its organization.

Marico, which is present in more than 25 countries across Asia and the African continent, had reported a turnover of Rs 4,000 crore in 2011-12. The company’s portfolio includes brands like Parachute Advanced, Saffola, Hair & Care, Nihar and Mediker. It recently acquired the personal care business of Reckitt Benckiser.

 

Marico Share Price

628.25 -12.70 (-1.98%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
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Marico 628.25
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