Harsh Mariwala, the former Chairman of Marico Limited, has significant holdings in Indian Life Insurance Corporation (LIC) Portfoy, a popular mutual fund in India. The stock has been trending upwards and is now nearing a breakout from its consolidation phase. This could be a sign of growth and profitability in the coming times.
Mariwala’s portfolio is managed by the Indian giant, LIC, which is known for its strong track record and consistent performance. The stock has shown resilience and has been able to withstand market fluctuations. This is a positive sign, indicating that investors should keep an eye on this stock, which could potentially be on the verge of a breakout.
The stock’s recent trend indicates a strong support at around 12.75, indicating a potential bottoming out of the stock. If this level holds, it could be a strong sign of growth, as it would indicate that the stock is reversing its downward trend and is on the rise. With Mariwala’s strong endorsement, this could be a savvy investment opportunity for those looking to invest in Indi.
Another key indicator is the relative strength index (RSI), which shows that the stock is strong and has been moving upwards. This suggests that the stock has the potential to continue its upward trend, and with the strong support at 12.75, it could be a good idea to keep this stock on your watchlist.
History shows that this stock has performed well during market downturns, indicating its resilience. With this in mind, investors should consider this stock as an option for their portfolio, especially if they are looking for a stable equity that can provide long-term returns.