Marico’s shares are set to be in the spotlight after the homegrown FMCG giant reported impressive Q2 FY25 results post-market on Tuesday. The company’s consolidated net profit surged by 20% year-over-year (YoY), reaching ₹433 crore for the September quarter, a notable rise from ₹360 crore in the same quarter last year. Consolidated revenue from operations grew by 7.6%, totaling ₹2,664 crore compared to ₹2,476 crore a year prior, signaling solid growth momentum in Marico’s core business.
Marico Share Price Performance Today, October 30, 2024
For investors tracking Marico’s stock price, here’s a detailed breakdown of today’s trading session on October 30, 2024. Following the market close on October 29, 2024, Marico shares ended at ₹628.8, reflecting an intraday high of ₹635.0 and a low of ₹624.05. As of this date, the company holds a market capitalization of ₹81,413.42 crore. Over the past year, Marico’s stock has witnessed significant volatility, reaching a 52-week high of ₹719.8 and a low of ₹486.75. On October 29, 2024, BSE recorded a trading volume of 26,022 shares, indicating active investor interest in Marico’s stock.
Marico’s Moving Averages Analysis: SMA and EMA Trends
Moving averages provide critical insights into Marico’s stock price trends. Here’s an overview of Marico’s Simple Moving Average (SMA) and Exponential Moving Average (EMA) across different time frames:
- 5-Day Moving Averages: The 5-day SMA stands at ₹662.13, slightly above the 5-day EMA of ₹638.94, indicating recent upward momentum.
- 10-Day Moving Averages: The 10-day SMA is currently ₹673.46, while the 10-day EMA is ₹650.26, further reinforcing a positive short-term trend.
- 20-Day Moving Averages: The 20-day SMA registers at ₹683.17 against the EMA of ₹663.07, suggesting continued strength over the medium term.
- 50-Day Moving Averages: With the 50-day SMA at ₹677.87, the data suggests sustained upward support for Marico’s stock.
- 100-Day Moving Averages: The 100-day SMA is ₹659.23, aligning closely with the 100-day EMA at ₹650.96, reinforcing the stability of Marico’s price trends.
- 200-Day Moving Average: For long-term trend watchers, the 200-day SMA at ₹595.53 reflects foundational support levels and hints at potential areas of resilience for the stock.
Support and Resistance Levels for Marico Shares on October 30, 2024
Understanding Marico’s daily pivot, support, and resistance levels can help investors make informed trading decisions. As of October 30, the pivot point for Marico’s stock is set at ₹629.28. Key resistance levels are positioned as follows:
- Resistance 1 (R1): ₹634.52
- Resistance 2 (R2): ₹640.23
- Resistance 3 (R3): ₹645.47
These resistance levels provide indicators of where upward movement might face price consolidation or reversal.
On the downside, the following support levels should be monitored:
- Support 1 (S1): ₹623.57
- Support 2 (S2): ₹618.33
- Support 3 (S3): ₹612.62
These support levels offer potential price floors, suggesting areas where investor demand may stabilize the stock price.
Final Thoughts: Key Insights for Marico Investors
As Marico’s stock enters a new trading day, the robust Q2 earnings report underscores the company’s growth potential. The double-digit YoY profit growth of 20% not only highlights operational success but also strengthens investor confidence. With market indicators showing favorable trends across various moving averages and well-defined support and resistance levels, Marico remains an attractive stock for both long-term investors and short-term traders.
Stay updated on Marico’s performance as these metrics evolve, keeping a close eye on key support, resistance levels, and volume movements. This comprehensive technical and financial insight could help maximize returns in a dynamic market environment.