New Delhi, Sept. 10 -- Marico share price has been under pressure lately after hitting a 52-week high of Rs.889.95 on 31 July. However, the recent correction could be an opportunity to buy the stock, according to brokerage firm Nuvama Wealth Management.

On a monthly scale, Marico shares are down 3% so far in September after an almost 5% decline in August when it snapped its four-month winning streak.

Year-to-date, however, the FMCG stock is still up more than 5% compared to a 12% fall in equity benchmark Sensex. The stock touched a 52-week low of Rs.690.40 on 29 September last year.

In intraday trade on Thursday, 10 September, the stock declined more than 1%, looking set to extend losses for the second consecutive session.

According t...