Strong fundamentals: Marico is a well-managed company with a strong balance sheet and a growing business. Investors may believe that the company is well-positioned to weather the current market turmoil.
- Positive outlook: Marico may have recently announced positive news, such as a new product launch or a strong earnings report. This could have boosted investor confidence.
- Short squeeze: It is possible that a short squeeze is occurring in Marico shares. This means that short sellers are being forced to buy back their shares at a higher price, which is driving up the price of the stock.
