Share price of Colgate-Palmolive falls as Sensex gains 440.4 points
Colgate-Palmolive (India) Ltd. dropped 0.07 per cent to Rs 2374.9 at 12:07PM (IST) in Friday's trade. The scrip hit a high of Rs 2408.7 and low of Rs 2371.6 so far during the session.
The stock had closed at Rs 2376.65 in the previous session.
The counter had a total traded volume of 12:07PM shares so far with a turnover of Rs 0.69 crore on BSE. The stock traded at a price-to-earnings multiple of 55.03 and a price-to-book ratio of 23.88.
A higher P/E 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 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.
Promotor/FII Holding Promoters held 51.0 per cent stake in the company as of 30-Sep-2023, while FIIs and domestic institutional investors ownership stood at 24.08 per cent and 5.57 per cent, respectively.
Key Financials The company reported consolidated sales of Rs 1492.1 crore for the quarter ended 30-Sep-2023, 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's Rs 1398.76 crore.
