Colgate-Palmolive shares up 0.72% as Nifty falls
Colgate-Palmolive (India) Ltd. rose 0.72 per cent to Rs 1977.6 in Monday's trade. It hit an intraday high of Rs 1989.6 and low of Rs 1946.35, respectively, during the day.
The stock quoted a 52-week high price of Rs 2061.55 and low of Rs 1434.6. As of 10:30AM (IST), the counter saw total traded volume of 5,370 shares with a traded value of Rs 105.0 crore, according to NSE. The stock had closed at Rs 1963.5 in the previous session.
The scrip has advanced 7.72 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -0.41 per cent during the same period. According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 48.1 while price-to-book ratio stood at 23.88. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business. The stock belongs to the Personal Care industry.Promoter/FII Holding Promoters held 0.0 per cent stake in the company as of 30-Jun-2023, while FII and MF ownership in the firm stood at 21.8 per cent and 2.16 per cent, respectively.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 the previous quarter's Rs 1370.98 crore and down 10.78 per cent from the year-ago quarter's Rs 1208.35 crore. Its net profit for the latest quarter stood at Rs 273.68 crore, up 30.53 per cent from the same quarter a year ago.
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