Share price of Colgate-Palmolive rises as Nifty strengthens

Share price of Colgate-Palmolive rises as Nifty strengthens
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Synopsis

A total of 6,587 shares changed hands on the counter till 12:36PM (IST).

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In effect, financial markets are betting that there is some reasonable approximation of normal on some foreseeable horizon.

INSIGHTS

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Shares of (India) Ltd. gained 0.33 per cent to Rs 1500.2 in Wednesday's trade as of 12:36PM (IST).

The stock hit a high price of Rs 1506.45 and low of Rs 1495.3 during the session.

The return on equity (ROE) for the stock stood at 51.21 per cent. Traded volume on the counter stood at 12:36PM shares and turnover at Rs 0.99 crore around that time.

The stock of Colgate-Palmolive (India) Ltd. quoted a 52-week high and 52-week low prices of Rs 1675.8 and Rs 1257.2, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 0.52.

Promotor/FII Holding
Promoters held 102.0 per cent stake in the company as of 31-Mar-2021, while overseas investors held 33.8 per cent and domestic institutional investors had 20.04 per cent.

Key Financials
The company reported consolidated sales of Rs 1241.81 crore for the quarter ended 31-Dec-2020, down 3.96 per cent from previous quarter's Rs 1293.05 crore and down 7.71 per cent from the year-ago quarter's Rs 1152.97 crore.

Net profit after tax for the latest quarter stood at Rs 248.36 crore, up 24.74 per cent from the same quarter a year ago.

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