Market move● Neutral for Marico
Marico edges lower as Plix buyout, strong Q2 cues stir midday trade
The brief
- Marico traded at ₹789.00, down ₹1.00 or 0.13% from its previous close
- Marico’s share move is directly relevant to Indian consumer-goods investors
- Nomura retains 'Buy' on Marico, target price Rs1,000; sees strong Q2 growth
- Marico sees mid-20s profit growth in Q2
- Consumer demand revives, but D-Mart shares plunge amid e-commerce fears
- Marico Q2 Update: Co optimistic of surpassing near-term guidance, sees margin improvement; Stock gains
- Marico expects double-digit revenue growth in Q2 on strong demand