Colgate-Palmolive shares up 0.9% as Nifty drops

economictimes.indiatimes.com:

Colgate-Palmolive (India) Ltd. traded 0.9 per cent up in Friday's trade at 12:07PM (IST). Around 3,943 shares changed hands on the counter.
The stock opened at Rs 2794.05 and touched an intraday high and low of Rs 2840.15 and Rs 2791.45, respectively, in the session so far. Shares of the company of Colgate-Palmolive (India) Ltd. quoted a 52-week high of Rs 2840.15 and a 52-week low of Rs 1535.85.

As per BSE, the total market cap of the Colgate-Palmolive (India) Ltd. stood at Rs 74734.85 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 1413.54 crore for the quarter ended 31-Dec-2023, down 5.27 per cent from previous quarter's Rs 1492.1 crore and down 8.59 per cent from the year-ago quarter's Rs 1301.68 crore.
The net profit for latest quarter stood at Rs 330.11 crore, up 35.71 per cent from the corresponding quarter last year.
Shareholding pattern As of 31-Mar-2024, DIIs held 3.1 per cent stake in the firm, while foreign institutional investors held 24.51 per cent and the promoters 0.0 per cent.

Valuation ratio According to BSE data, the stock traded at a P/E multiple of 60.33 and a price-to-book ratio of 23.88. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.
Colgate-Palmolive (India) Ltd. belongs to the Personal Care industry.