Colgate-Palmolive shares gain 0.35% as Sensex rises

Shares of (India) Ltd. traded 0.35 per cent higher in Thursday's session at 10:51AM (IST). The stock opened at Rs 1735.0 and has touched an intraday high and low of Rs 1752.85 and Rs 1734.2, respectively, during the session so far.

The stock quoted a 52-week high of Rs 1774.0 and a 52-week low of 1322.8. About 9,721 shares changed hands on the counter so far.

Benchmark Nifty50 was up 54.9 points at 15908.85, while the BSE Sensex traded 210.69 points higher at 53114.74 at the time of writing of this report.

In the Nifty pack, 25 stocks traded the day in the green, while 25 were in the red.


Key Financials
For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 1289.81 crore, up 3.87 per cent from the previous quarter's Rs 1241.81 crore and up 18.23 per cent from the year-ago quarter. The company reported net profit of Rs 314.66 crore for the latest quarter.

Promoter Holdings
Promoters held 51.0 per cent stake in the company as of 31-Mar-2021, while FIIs held 16.9 per cent and MFs 2.79 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1575.1 on July 15, while the 50-DMA was at Rs 1670.6. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.