Colgate-Palmolive shares drop 1.4% as Sensex rises

Colgate-Palmolive shares drop 1.4% as Sensex rises
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Synopsis

A total of 32,428 shares changed hands on the counter till 02:13PM (IST)

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Nifty on Wednesday halted a falling spree and formed a bullish candle on the daily chart.

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Shares of (India) Ltd. traded 1.4 per cent down at Rs 1573.7 at 02:13PM (IST) on Tuesday, even as BSE benchmark Sensex gained 643.79 points to 50224.52. The stock had settled at Rs 1596.0 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 1675.8 and Rs 1257.2, respectively.

As per BSE data, total traded volume on the counter till 02:13PM (IST) stood at 02:13PM shares with turnover at Rs 5.12 crore.

At the current price, shares of the company trades at 41.35 times its trailing 12-month earnings per share of Rs 38.07 per share and 27.81 times its price-to-book value, BSE data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

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

Shareholding Details
Promoters held 51.0 per cent stake in the company as of 31-Mar-2021, while FIIs owned 16.9 per cent and DIIs 10.02 per cent.

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