Colgate-Palmolive shares gain 0.97% as Sensex rises
Colgate-Palmolive (India) Ltd. traded 0.97 per cent higher in Tuesday's session at 10:30AM (IST). The stock opened at Rs 2031.05 and has touched an intraday high and low of Rs 2093.4 and Rs 2031.05, respectively, during the session so far.
The stock quoted a 52-week high of Rs 2128.85 and a 52-week low of 1434.6. About 3,505 shares changed hands on the counter so far.
Benchmark Nifty50 was up 93.65 points at 19140.9, while the BSE Sensex traded 329.85 points higher at 64112.65 at the time of writing of this report.
In the Nifty pack, 26 stocks traded the day in the green, while 24 were in the red.
Key Financials For the quarter ended 30-Sep-2023, the company reported consolidated sales of Rs 1492.1 crore, up 11.46 per cent from the previous quarter's Rs 1338.64 crore and up 6.67 per cent from the year-ago quarter. The company reported net profit of Rs 340.05 crore for the latest quarter.
Promoter Holdings Promoters held 51.0 per cent stake in the company as of 30-Sep-2023, while FIIs held 24.08 per cent and MFs 2.36 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1717.66 on October 31, while the 50-DMA was at Rs 2009.0. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward.
