Large cap Consumer Goods Stock Gets " Buy" Call, Sharekhan Sees 30% Upside Potential
Marico small business Ltd has e 64 a large- atcap Consumer Goods,.
It has a, sees gains up 30% if purchased the stock at its current market price.
The brokerage has estimated a target price of Rs 645 apiece to the stock, 586 .32 crore.
The stock of Marico on NSE last traded at Rs 499.50 apiece.
The stock recorded its 52 week high on 23 September 2022 at Rs 554.35 apiece and 52 week low on 28 March 2022 at Rs 468.50 apiece, respectively.
The stock surged 0 .14% in 1 week and 1 .13% in 1 month, respectively.
It has fallen 2 .26% in 1 year, it has given a positive return of 68 .69% in 3 years and 60.02% in 5 years respectively.
Maintain Buy with unchanged PT of Rs. 645
Marico's stock price has underperformed the broader indices and is trading at attractive valuations of 38 x/ 34 x its FY 2 0 2 4 E/ FY 2 0 2 5 E EPS, which is at a discount to its five- year average multiple of 42 x.
Softening of key input prices and price correction in the core portfolio will lead to consistent earnings growth in the coming quarters.
The stock has been picked from the brokerage report of Sharekhan.
Greynium Information Technologies, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article. advises users to consult with certified experts before making any investment decision.
By Shubham Kumar Goodreturns source: Dailyhunt