BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Religare maintains sell on Marico
Marico's multiple growth initiatives and dominant positioning are unlikely to help counter the volume and margin headwinds ahead. Current valuations at 36 times FY18 estimated earnings per share are expensive.