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 10,277 shares changed hands on the counter till 12:24PM (IST).

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The Dow Jones Industrial Average finished up 1,048.86 points, or 5.20 per cent, to 21,237.38 on Tuesday. The S&P500 index increased 143.06 points, or 6.00 per cent, to 2,529.19.
Shares of (India) Ltd. gained 0.01 per cent to Rs 1690.0 in Monday's trade as of 12:24PM (IST). The stock hit a high price of Rs 1700.0 and low of Rs 1687.25 during the session.

The return on equity (ROE) for the stock stood at 88.8 per cent. Traded volume on the counter stood at 12:24PM shares and turnover at Rs 1.74 crore around that time. The stock of Colgate-Palmolive (India) Ltd. quoted a 52-week high price of Rs 1755.0 and 52-week low prices of Rs 1322.8, respectively.

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

Did you Know?

Stock score of Colgate-Palmolive (India) Ltd moved down by 1 in a week on a 10-point scale.

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Promotor/FII Holding
Promoters held 0.0 per cent stake in the company as of 31-Mar-2021, while FIIs held 16.9 per cent and domestic institutional investors had 2.79 per cent.

Key Financials
The company reported consolidated sales of Rs 1289.81 crore for the quarter ended 31-Mar-2021, up 3.87 per cent from previous quarter's Rs 1241.81 crore and up 18.23 per cent from the year-ago quarter's Rs 1090.9 crore. Net profit after tax for the latest quarter stood at Rs 314.66 crore, up 54.13 per cent from the same quarter a year ago.

Technicals
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.
It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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