Marico outperforms FMCG index after Credit score Suisse maintains Outperform, sees 20% upside


Marico shares gained three p.c intraday Monday, outperforming FMCG index after world brokerage home Credit score Suisse maintained Outperform ranking on the inventory.

The funding agency has set goal worth for the inventory at Rs 405, implying 20 p.c potential upside because it mentioned floods in Kerala haven’t impacted the reversal of copra cycle.

READ  AOC Upbraids Republican Ted Yoho After He Denies Vulgarly Insulting Her – Serialpressit (News)

Copra, which is the uncooked materials for its key merchandise, is now at Rs 100 per kg in comparison with peak of Rs 145 per kg in January 2018.

READ  Long Waits for U.K. Hospital Treatment as N.H.S. Fights Coronavirus – Serialpressit (News)

Bettering quantity tendencies will tackle key investor concern, Credit score Suisse feels.

READ  IOC Consolidated September 2018 Internet Gross sales at Rs 132,357.08 crore, Up 47.89% Q-o-Q.

At 13:00 hours IST, the inventory worth was quoting at Rs 339.40, up Rs 2.30, or 0.68 p.c on the BSE.


Please enter your comment!
Please enter your name here