Marico is currently trading at Rs. 269.10, up by 1.80 points or 0.67% from its previous closing of Rs. 267.30 on the BSE.
The scrip opened at Rs. 269.00 and has touched a high and low of Rs. 271.75 and Rs. 266.25 respectively. So far 18090 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 306.90 on 03-Aug-2016 and a 52 week low of Rs. 215.90 on 17-Feb-2016.
Last one week high and low of the scrip stood at Rs. 274.80 and Rs. 253.00 respectively. The current market cap of the company is Rs. 34820.67 crore.
The promoters holding in the company stood at 59.73% while Institutions and Non-Institutions held 32.52% and 7.54% respectively.
Marico is reportedly hoping to get better margins by making an entry into the super premium edible oil segment under Saffola. But this will not be the first time that Saffola is planning an entry into the olive oil category. It had introduced extra virgin oil under its franchise in early 2000, which was subsequently withdrawn.
Saffola, with a 65 percent share, has basically been a blended oil with variants like Gold, Activ, Tasty Blend and Total (with rice bran and safflower), being a major part of its blends.
Marico 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.