Stock Market Update April 24: Today's Recommended Buy - Marico
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
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Source: Business Line
Stock Performance: The stock of Marico has been in a long-term uptrend but experienced a price drop after reaching a high of ₹813.10 on February 24.
Support Levels: The stock found support at ₹725 and rebounded in early April, indicating resilience after the decline.
Recent Breakout: This week, Marico's stock broke out of a key resistance level at ₹765, suggesting a resumption of its upward trend.
Market Indicators: The recent price movements indicate that the stock has corrected but is now showing signs of recovery and strength.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
