Marico hits record high, zooms 21% in 2 months; analysts see more upside

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Marico hits record high, zooms 21% in 2 months; analysts see more upside - Business Standard

Quick Summary:

Marico expects gradually improving growth trends in the core categories on the back of moderating trends in retail and food inflation as well as the promise of a healthy monsoon season.

Shares of Marico hit a record high of ₹ 737.40, gaining 2.4 per cent on the BSE in Wednesday’s intra-day trade amid heavy volumes owing to earnings improvement.

The brokerage firm maintains a constructive view on Marico, underpinned by its strong medium term potential to deliver double-digit sales growth.