Marico to issue bonus shares; falls by 4.35%

Marico Ltd falls after the stock turned ex-bonus. The company will issue one bonus share on each unit held by shareholders.

Marico Ltd falls by 4.35% to Rs 221 after the stock turned ex-bonus. The company will issue one bonus share on each unit held by shareholders.

The scrip opened at Rs. 225.8 and has touched a high and low of Rs. 225.8 and Rs. 217 respectively. So far 2664072(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 29809.41 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 468.4 on 21-Dec-2015 and a 52 week low of Rs. 315.75 on 12-Jan-2015. Last one week high and low of the scrip stood at Rs. 468.4 and Rs. 430.5 respectively.

The promoters holding in the company stood at 59.67 % while Institutions and Non-Institutions held 32.96 % and 7.37 % respectively.

The stock is currently trading above its 100 DMA.