Share price of Colgate-Palmolive jumps as Sensex drops 327.51 points
Colgate-Palmolive (India) Ltd. gained 0.25 per cent to Rs 1968.8 at 11:37AM (IST) in Friday's trade. The stock has hit a high of Rs 1988.0 and low of Rs 1954.0 so far during the session.
The stock had closed at Rs 1963.9 in the previous session. The counter has had a total traded volume of 2405 shares so far with a value of Rs 4750.0 crore on the NSE. It traded at a price-to-earnings multiple of 48.18 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 reflects the price investors are willing to pay even for no growth in the business. The scrip gained 24.92 per cent during the past one year, while the 30-share index advanced 11.06 per cent during the same period.Colgate-Palmolive (India) Ltd.
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