Market

Colgate-Palmolive shares down 0.85% as Nifty falls



Shares of Colgate-Palmolive (India) Ltd. rose 0.85 per cent to Rs 3488.85 in Tuesday’s trade. It hit an intraday high of Rs 3543.8 and low of Rs 3465.0, respectively, during the day.

The stock quoted a 52-week high price of Rs 3893.0 and low of Rs 2003.65.

As of 01:42PM (IST), the counter saw total traded volume of 8,542 shares with a traded value of Rs 2.98 crore, according to NSE.

The stock had closed at Rs 3518.8 in the previous session.

The scrip has declined -3.71 per cent in the past one month till date, while the benchmark BSE Sensex has gained 1.72 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 67.11 while price-to-book ratio stood at 27.81. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business. The stock belongs to the Personal Care industry. Promoter/FII Holding
Promoters held 0.0 per cent stake in the company as of 30-Jun-2024, while FII and MF ownership in the firm stood at 24.44 per cent and 3.22 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 1520.11 crore for the quarter ended 30-Jun-2024, up 0.49 per cent from the previous quarter’s Rs 1512.66 crore and up 13.56 per cent from the year-ago quarter’s Rs 1338.64 crore. Its net profit for the latest quarter stood at Rs 363.98 crore, up 32.99 per cent from the same quarter a year ago.



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