Marico Limited is a consumer products company operating in the beauty and wellness space. The Company's principal products include edible oils and value added hair oils. Company's brands include Parachute, Nihar, Saffola, Hair & Care and Livon.
Stock has been trading about the 100 EMA for last 2.5 years and in consolidation since last 315 days.
With the recent accruement of Vietnamese personal care brand Beauty X, the stock is seeing higher buying volumes.
The stock has good fundamentals with 25% FII holdings.
Overall a good FMCG stock to have in the portfolio for long term.
Stock has been trading about the 100 EMA for last 2.5 years and in consolidation since last 315 days.
With the recent accruement of Vietnamese personal care brand Beauty X, the stock is seeing higher buying volumes.
The stock has good fundamentals with 25% FII holdings.
Overall a good FMCG stock to have in the portfolio for long term.