Share price of Colgate-Palmolive falls as Sensex gains 67.48 points
Colgate-Palmolive (India) Ltd. dropped 0.61 per cent to Rs 2292.15 at 02:00PM (IST) in Friday's trade. The stock has hit a high of Rs 2317.0 and low of Rs 2274.3 so far during the session.
The stock had closed at Rs 2306.4 in the previous session.
The counter has had a total traded volume of 6355 shares so far with a value of Rs 1.45 crore on the NSE. It traded at a price-to-earnings multiple of 53.14 and a price-to-book ratio of 23.88.
A higher price-to-earnings ratio shows 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 reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 40.24 per cent during the past one year, while the 30-share index advanced 11.5 per cent during the same period.
Colgate-Palmolive (India) Ltd. belongs to the Personal Care industry.
Promotor/FII Holding Promoters held 0.0 per cent stake in the company as of 30-Sep-2023, while overseas investors and domestic institutional investors ownership stood at 24.08 per cent and 2.36 per cent, respectively.
