Buy recommendation - This consumer product stock may pace the stock market trends

 

Marico has also ventured into the health food industry

Marico Limited is one of India's driving consumer goods companies working in worldwide excellence and health classes. It is available in over 25 nations across developing business sectors of Asia and Africa. It sustains driving brands across classes of hair care, skin health management, palatable oils, quality food sources, male grooming, and fabric care.

Marico has a diverse range of products that touch one-third of individuals in India.Marico Sapphire Mayonnaise and Sapphire Peanut Butt This Year to Strengthen the Healthy Foods category. The launch of the new Safola products is expected to generate revenue of up to Rs 10 billion from the food market by 2023-24. 

The stock is recommended to BUY with a target of Rs.580 , Current Market Price is Rs.512.

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