Hello dosto. Hope you all are fine.
I am back with a new stock analysis.
The levels are marked in the chart.
Marico is good large-cap FMCG company.
The stock has been consolidating for few years, and recently gave a very good breakout.
I hope it will push further and reach the mentioned levels.
Yearly profit growth is good. Although, quarterly results for the most recent quarter were a bit average.
Stock P/E is high ~ 57.1
ROE is high too ~ 38
RSI/MACD also give a bullish outlook.
This is for Educational purposes only. Not a buy/sell advice.