Colgate-Palmolive shares up 0.72% as Nifty gains
Colgate-Palmolive (India) Ltd. rose 0.72 per cent to Rs 1819.2 in Friday's trade. It hit an intraday high of Rs 1830.2 and low of Rs 1807.65, respectively, during the day.
The stock quoted a 52-week high price of Rs 1830.2 and low of Rs 1434.6. As of 12:25PM (IST), the counter saw total traded volume of 7,859 shares with a traded value of Rs 143.0 crore, according to NSE. The stock had closed at Rs 1806.35 in the previous session.
The scrip has advanced 10.42 per cent in the past one month till date, while the benchmark BSE Sensex has gained 4.85 per cent during the same period. According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 47.28 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 31-Mar-2023, while FII and MF ownership in the firm stood at 21.5 per cent and 1.58 per cent, respectively.Key Financials The company reported consolidated sales of Rs 1370.98 crore for the quarter ended 31-Mar-2023, up 5.32 per cent from the previous quarter's Rs 1301.68 crore and up 4.64 per cent from the year-ago quarter's Rs 1310.13 crore. Its net profit for the latest quarter stood at Rs 316.22 crore, down 2.27 per cent from the same quarter a year ago.
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