Marico Kaya up 5pc for fifth day

MUMBAI, July 9 (Business Standard): Marico Kaya Enterprises (MaKE) is locked in upper circuit for fifth day in a row, up 5 per cent at Rs 288 on the Bombay Stock Exchange (BSE).

The stock opened at Rs 283 and hit a low of Rs 277 so far. A combined 329,252 shares changed hands on the counter and there are pending buy orders for 156,839 shares on BSE and NSE.

Since listing on July 2, the stock has rallied over 27 per cent from Rs 226 compared to 0.63 per cent rise in benchmark S&P BSE Sensex.

Marico Kaya is a holding company of Kaya Ltd, which currently owns and operates 86 Kaya Skin Clinics in 26 cities in India.

Commenting on the listing announcement Mr. Harsh Mariwala, chairman & whole-time director, MaKE, said "MaKE being listed independently reflects the beginning of a new journey for Kaya.