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Marico

Discussion in 'Fundamental Analysis' started by manickarajan, Dec 12, 2019.

  1. manickarajan

    manickarajan Responder

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  2. shabbir

    shabbir Administrator Staff Member

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  3. laveshdixit

    laveshdixit Active Member

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    Why did Marico decline from 380 odd levels to 330 inspite of good quarters good commentary from the management?
     
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  4. shabbir

    shabbir Administrator Staff Member

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    Technicals. Market are not all about fundamentals in the short term. People get in and get out and help investors invest in good companies at better prices.
     
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  5. laveshdixit

    laveshdixit Active Member

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    An overreaction from the market. Marico down 6% inspite of 10% profit up (Sales are down by 5%). Views?

    Sent from my Nokia 6.1 Plus using DIY Technical Analysis mobile app
     
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  6. sethuramcbe

    sethuramcbe Active Member

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  7. shabbir

    shabbir Administrator Staff Member

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    Best time to add. My view is results are much better.
     
  8. manickarajan

    manickarajan Responder

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  9. nirajshah

    nirajshah Champion

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    These bad one or two quarter are the best for investment in stocks like Marico. So many examples in the past like Page Industries Or Asian Paint. Remember this is the company that be at HUL for nihar oil. As shabbir says in the bad times we invest in management and not the number.

    Sent from my Redmi 6A using DIY Technical Analysis mobile app
     
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  10. shabbir

    shabbir Administrator Staff Member

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    Ideally yes if your view is 3 years+ time frame for investing and you expect the company will be able to come back to growth ways.
     
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  11. manickarajan

    manickarajan Responder

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  12. shabbir

    shabbir Administrator Staff Member

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  13. manickarajan

    manickarajan Responder

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  14. shabbir

    shabbir Administrator Staff Member

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    Don't add right away but keep the stock in the radar for accumulation.