Citi has reiterated its buy recommendation on Marico but raised the target price to Rs 610 per share. Analysts anticipate an improvement in growth trajectory for FY25, driven by accelerated volume growth and pricing-led strategies.
Shares of Marico Ltd ended on a flat note today even as the FMCG firm announced an interim dividend of Rs 6.5 per equity share of Re. 1 each. The record date for the said interim dividend will be March 6, 2024. The second interim equity dividend for the financial year 2023-24 will be paid to such shareholders on or before Thursday, March 28, 2024, said Marico in a communication to bourses.
Indraprastha Gas has made a double top-like pattern on the weekly chart. It has seen a fair bit of selling pressure during the week amid decent volumes.
Stocks that share market analysts recommended: Stock brokerages such as Jefferies, Bajaj Finance, Motilal Oswal, and Nomura have come out with research reports on select stocks namely Bajaj Finance, DCB Bank, Marico, Bajaj Auto. Here s what brokerages said about these counters.