Colgate-Palmolive shares up 0.36% as Nifty drops

Colgate-Palmolive shares up 0.36% as Nifty drops
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Synopsis

A total of 5,894 shares changed hands on the counter till 11:34AM (IST).

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

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NEW DELHI: Shares of (India) Ltd. traded 0.36 per cent up in Tuesday's trade at 11:34AM (IST). Around 5,894 shares changed hands on the counter.

The counter opened at Rs 1517.0 and touched an intraday high and low of Rs 1535.9 and Rs 1515.0, respectively, in the session so far. Shares of the company of Colgate-Palmolive (India) Ltd. quoted a 52-week high of Rs 1675.8 and a 52-week low of Rs 1257.2.

As per BSE, the total market cap of the Colgate-Palmolive (India) Ltd. stood at Rs 41390.77 crore at the time of writing this report.

Key Financials
The company reported consolidated net 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.

The net profit for latest quarter stood at Rs 248.36 crore, up 24.74 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2021, DIIs held 2.79 per cent stake in the company, while foreign institutional investors held 16.9 per cent and the promoters 0.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 44.75 and a price-to-book ratio of 27.81. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.

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