Marico Ltd : BUY Call

Tuesday, June 8, 2010

CMP / Reco Price : 106 /100 - 105
Target : 150
Time Span : 1 Year

Marico Limited manufactures consumer products and services in the beauty and wellness space. The Company is known for its presence in the following categories: Coconut Oil, Hair Oils, Anti-lice Treatment, Premium Refined Edible Oils and Fabric Care. Marico Limited is present in the Skin Care Services segment through Kaya Skin Clinics.
This is yet another safe investment stock. It should give 30 - 50 % returns a year. Do not expect anything more. 100 - 105 is a very good support band and its safe to enter this stock at these levels. Accumulate more for every 10% fall.