MARICO
Marico can make merryMarico Limited, headquartered in Mumbai, Maharashtra, carries on business in branded consumer products. Marico manufactures and markets products with the brands such as Parachute, Parachute Advanced, Nihar, Nihar Naturals, Saffola, Hair & Care, Revive, Mediker, Livon, Set-wet, etc.
Marico Limited CMP is 665.25. The positive aspects of the company are Dividend yield greater than sector dividend yield, Company with Low Debt, FII / FPI or Institutions increasing their shareholding and MFs increased their shareholding last quarter. The Negative aspects of the company are High PE (PE=56.7), High promoter stock pledges and Promoter decreasing their shareholding.
Entry can be taken after closing above 668. Targets in the stock will be 682 AND 692. The long-term target in the stock will be 702 and 719. Stop loss in the stock should be maintained at Closing below 632 or 591 depending on your risk taking ability.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Strong Buy Marico cmp 522 Target 550++ in 5-10 trade sessionsMarico Limited is one of India's leading consumer goods companies operating in global beauty and wellness categories. It is present in over 25 countries across emerging markets of Asia and Africa. It nurtures leading brands across categories of hair care, skin care, edible oils, healthy foods, male grooming and fabric care.
Below are all the product categories that the company caters to in the domestic market and the brands of the company :
1. Coconut Oil - Parachute, Nihar Naturals.
2. Super-premium Refined edible oils - Saffola.
3. Value added hair oils - Parachute advansed, Nihar naturals, Hair & Care.
4. Healthy foods - Saffola oats, Coco Soul. Coconut oil, Saffola FITTIFY Gourmet Range.
5. Premium Hair Nourishment - Livon Serums, Hair & Care.
6. Male Grooming & Styling - Set Wet, Beardo, Parachute.
7. Skin Care - Kaya Youth, Parachute advansed.
8. Hygiene - Mediker, Veggie Clean
Market Share
Market share of company’s leading brands as of Q1FY22 were as follows:
Coconut Oils, MS: 62%, Rank: 1 st
Parachute Rigids, MS: 52%, Rank: 1 st
Saffola – Super Premium ROCP, MS:, Rank: 82% 1 st
Saffola Oats, MS: 39%, Rank: 2 nd
Saffola Masala Oats - Flavored Oats, MS: 94%, Rank: 1 st
Value Added Hair Oils, MS: 37%, Rank: 1st
Post wash Leave-on Serums, MS: 63%, Rank: 1st
Hair Gels/Waxes/Creams, MS: 58%, Rank: 1st
Revenue Breakup FY22
In FY22, ~77% of the total consolidated revenues were generated from domestic business. In the domestic market, coconut oils accounted for 40% of the total revenues followed by refined oils 25%, value added hair oils 21%, Personal care products (male grooming, skin care) ~5%.
Distribution Network
The company has a pan-India distribution network with a reach of 5.6 million outlets out of a total of ~12 million outlets in India. In FY22, Modern Trade and e-commerce contributed to 14% and 9% of the domestic business respectively.
International Business
In FY22, ~23% of the total consolidated revenues were generated from international business. Top export countries are Bangladesh (51% % of export revenues), followed by South East Asia (23%) , Middle East (13 %), and South Africa (7%). The international business portfolio includes brands such as Parachute, HairCode, Mediker SafeLife, Fiancee, caivil, Hercules, Black Chic, Code 10, Ingwe, X-Men, Sedure, Thuan Phat and Isoplus.
Capex
In FY22, co. incurred 132 Crore Capital expenditure for capacity expansion and maintenance of existing manufacturing facilities.
Marico is undertaking strategic investments to accelerate its digital transformation journey through building scalable digital-first brands, either organically or inorganically.
Market Cap ₹ 67,791 Cr
Stock P/E 46.3
ROCE 41.9 %
Dividend Yield 0.86 %
Currently PE is 46 as compared to Median PE of 50 and with such high ROCE and more than 3/4% of dividend yield, this stock is looking for a strong momentum looking at the way Marico is strategically increasing its business. Technically, it seems that price structure has changed on hourly chart and it seems to be bottom out as it has done time and price wise correction. At current market price(CMP) of 522, this is best rate to enter for quick target of 550 and 580 in a 5-10 trading session.
MARICO--@Neckline??This stock is likely to test the demand zones.
now price is near to neckline, this is the key level, once breaks a quick retest to the support is observed.
multiple rejections on topside is observed in this stock at right shoulder....
keep looking for buyside...if it reaches to the support levels.
price is likely to be between these neckline and support levels, and gives us breakout.
Marico might mend the trend..Marico Ltd. Is manufactures and markets products under the brands such as Parachute, Parachute Advansed, Nihar, Nihar Naturals, Saffola, Hair & Care, Revive, Mediker, Livon, Set-wet, etc. Marico’s products reach its consumers through retail outlets serviced by Marico’s distribution network comprising regional offices, carrying & forwarding agents, redistribution centers & distributors spread all over India. Marico Ltd CMP is 536.20.
The Negative aspects of the company are High Valuation (P.E. = 47.4), FIIs are decreasing stake, Promoter Holding decreasing. The company's Positive aspects MFs are increasing stake, improving annual net profit, Improving cash from operations annual.
Entry can be taken after closing above 537. Targets in the stock will be 554 and 563. The long-term target in the stock will be 575 and 592. Stop loss in the stock should be maintained at Closing below 508.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
#BRITANNIA 4532 invest for Diwali recommend BUY- Rachit Sethia BRITANNIA 4532
TGT 5100 +++
SL 4400
TIMEFRAME <6M
RR > 3
Return >15% +++
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
Breaking Out on 1 hour candle. #Marico Are you looking for a Breakout Stock? It's right here.
What's your view on this? Please share.
Hope this post adds valuable insights to your trading/investment journey.
Don't forget to share with your friends. (Bcz as your friends join you will have someone like-minded with whom you can share and discuss and bring clarity to your learning and life.)
***
Disclaimer:
Please note that this is only for Study Purpose and not a recommendation.
So please do your own research before investing in market.
Marico is coming out of correctionAs the chart already depicts, Marico is now expected to have started the wave iii of 3 with the breakout from the falling wedge pattern.
One thing some way wonder is, what is with all those projections?
Well, to reach from CMP(530) till 660, it will take several moves for price to do it, as it does not shoot up at once...these several moves will form the various subdivisions of wave iii of 3.
According to the Elliot theory this is how price always moves. A bigger move is always made up of several smaller moves put together.(both impulse and corrective moves).You can always breakdown any major impulse or correction on any timeframe into much more refined and more classified waves if you deep dive into one smaller timeframe than the current.
Now coming back to the chart, the stock took support from a previously tested crucial support zone which also happens to be the 50% retracement mark of the impulsive rise stock witnessed from Apr.2023 till Oct.2023.Stock is also giving a break out from a falling wedge.
On the upside level 550 will be the first major hurdle on its way towards 600.
On the downside the low of 516 is an important support for the stock.
MARICONSE:MARICO
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
MARICO - Bullish Consolidation with VolumesNSE: MARICO is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
MARICO- Daily/Hourly Timeframe-Bearish patternStock is looking weak in daily time frame. From past few days it’s not able to cross it’s previous swing in daily time frame. It’s at crucial level 520-523. It has bounced multiple times from this lvl.
However, if this lvl breaks on 30th June it will be good opportunity to go short.
Please make sure there should be a bearish price action in 5/15minute time frame for intraday trades.
This is only for educational purpose, please manage your risk accordingly.
MARICO Positional Buy IdeaAs per my analysis, if NSE:MARICO upcoming any 45min closed above level of 483.00. We can see huge short covering and fresh buy entry. Buy level would be 485-490 with stop loss of 465 (20-25 points risk). My expected upside target will be 501, 520 & 540. It may take 1-2 weeks to get targets.
Note: This is my personal analysis, only to learn stock market behavior. Thanks.