Colgate-Palmolive shares drop 0.01% as Sensex falls
Colgate-Palmolive (India) Ltd. traded 0.01 per cent down at Rs 2001.3 at 12:17PM (IST) on Tuesday, even as BSE benchmark Sensex dropped 23.85 points to 65999.84.
The scrip had closed at Rs 2001.65 in the previous session.
The stock quoted a 52-week high and 52-week low of Rs 2061.55 and Rs 1434.6, respectively.
As per BSE data, total traded volume on the counter till 12:17PM (IST) stood at 12:17PM shares with turnover at Rs 0.36 crore.
At the current price, shares of the company trades at 49.0 times its trailing 12-month earnings per share of Rs 40.85 per share and 23.88 times its price-to-book value, the exchange data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.
The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 0.52.
Shareholding Details Promoters held 51.0 per cent stake in the company as of 30-Jun-2023, while FIIs owned 21.8 per cent and DIIs 7.19 per cent.
