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Marico share rises over 5% after firm divests stake in Revolutionary Fitness

Shares of Marico gained over 5% in Friday’s trade after the company said it has divested its entire stake in Revolutionary Fitness, a company providing a fitness and wellness solutions app.

Following the update, Marico share price touched an intraday high of Rs 361.55 on BSE, rising 5.47% against the last close of Rs 342.80. The stock price of Marico also touched an intraday low of Rs 344.25, after opening at Rs 344.25. Marico stock has gained 3.77% in the last 2 days of consecutive gains.

Marico shares trade higher than 5, 100 and 200-day moving averages but lower than 20 and 50-day moving averages. Market capitalisation of the firm stood at Rs 45,806 crore as of today’s session.

Marico stock has risen 3%% since the beginning of the year.

As per the filing,