Colgate-Palmolive shares down 0.34% as Nifty drops
Colgate-Palmolive (India) Ltd. traded 0.34 per cent down in Wednesday's trade at 01:19PM (IST). Around 2,483 shares changed hands on the counter.
The stock opened at Rs 2057.6 and touched an intraday high and low of Rs 2063.55 and Rs 2048.0, respectively, in the session so far. Shares of the company of Colgate-Palmolive (India) Ltd. quoted a 52-week high of Rs 2096.25 and a 52-week low of Rs 1434.6.
As per BSE, the total market cap of the Colgate-Palmolive (India) Ltd. stood at Rs 56048.08 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 1338.64 crore for the quarter ended 30-Jun-2023, down 2.36 per cent from previous quarter's Rs 1370.98 crore and down 10.78 per cent from the year-ago quarter's Rs 1208.35 crore.
The net profit for latest quarter stood at Rs 273.68 crore, up 30.53 per cent from the corresponding quarter last year.
Shareholding pattern As of 30-Sep-2023, DIIs held 2.36 per cent stake in the firm, while foreign institutional investors held 24.08 per cent and the promoters 0.0 per cent.
Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 50.44 and a price-to-book ratio of 23.88.
A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Colgate-Palmolive (India) Ltd.
