Share price of Colgate-Palmolive jumps as Sensex gains 50.84 points
Colgate-Palmolive (India) Ltd. gained 0.33 per cent to Rs 2001.55 at 11:36AM (IST) in Monday's trade.
The scrip hit a high of Rs 2013.55 and low of Rs 1994.3 so far during the session. The stock had closed at Rs 1995.0 in the previous session.
The counter had a total traded volume of 11:36AM shares so far with a turnover of Rs 2621.0 crore on BSE. The stock traded at a price-to-earnings multiple of 49.28 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 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-Jun-2023, while FIIs and domestic institutional investors ownership stood at 21.8 per cent and 7.19 per cent, respectively.Key Financials The firm reported consolidated net sales of Rs 1338.64 crore for the quarter ended 30-Jun-2023, down 2.36 per cent from the previous quarter's Rs 1370.98 crore and down 10.78 per cent from the year-ago quarter's Rs 1208.35 crore. Its profit for the latest quarter stood at Rs 273.68 crore, up 30.53 per cent from the same quarter a year ago.
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