Colgate-Palmolive shares drop 0.37% as Sensex falls
Colgate-Palmolive (India) Ltd. traded 0.37 per cent down at Rs 2169.95 at 12:27PM (IST) on Wednesday, even as BSE benchmark Sensex dropped 261.34 points to 65669.43.
The stock had settled at Rs 2177.95 in the previous session.
The stock quoted a 52-week high price of Rs 2189.0 and 52-week low of Rs 1434.6, respectively. As per BSE data, total traded volume on the counter till 12:27PM (IST) stood at 2429 shares with a turnover of Rs 0.53 crore.
At the prevailing price, shares of the company traded at 50.38 times its trailing 12-month EPS of Rs 43.13 per share and 23.88 times its price-to-book value, 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 reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.52.
Shareholding Details
Promoters held 0.0 per cent stake in the company as of 30-Sep-2023, while FIIs owned 24.08 per cent and DIIs 2.36 per cent.
Technicals On the technical charts, the relative strength index (RSI) of the stock stood at 62.73. The RSI oscillates between zero and 100.
