Share price of Colgate-Palmolive falls as Sensex gains 650.64 points

Share price of Colgate-Palmolive falls as Sensex gains 650.64 points
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Synopsis

Promoters held 0.0 per cent stake in the company as of 30-Sep-2021, while FII and DII ownership stood at 19.14 per cent and 2.65 per cent, respectively.

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The share price of (India) Ltd. dropped 0.59 per cent to Rs 1430.65 at 12:58PM (IST) in Wednesday's trade. The counter has hit a high of Rs 1452.0 and low of Rs 1428.5 so far during the session. The stock had closed at Rs 1439.1 in the previous session.

The counter has had a total traded volume of 11240 shares so far with a value of Rs 1.61 crore on the NSE. It traded at a price-to-earnings multiple of 36.56 and a price-to-book ratio of 36.38.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip declined 4.99 per cent during the past one year, while the 30-share index advanced 30.95 per cent during the same period.

Colgate-Palmolive (India) Ltd. belongs to the Personal Care industry.

Promotor/FII Holding
Promoters held 0.0 per cent stake in the company as of 30-Sep-2021, while overseas investors and domestic institutional investors ownership stood at 19.14 per cent and 2.65 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 1358.93 crore for the quarter ended 30-Sep-2021, up 16.03 per cent from the previous quarter's Rs 1171.18 crore and up 5.09 per cent from the year-ago quarter's Rs 1293.05 crore.

Profit for the latest quarter stood at Rs 269.17 crore, down 1.83 per cent from the same quarter a year ago.

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