Colgate-Palmolive shares up 0.46% as Nifty drops

Colgate-Palmolive shares up 0.46% as Nifty drops
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Synopsis

A total of 2,989 shares changed hands on the counter till 10:10AM (IST).

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NEW DELHI: Shares of (India) Ltd. traded 0.46 per cent up in Friday's trade at 10:10AM (IST). Around 2,989 shares changed hands on the counter.

The counter opened at Rs 1434.9 and touched an intraday high and low of Rs 1447.0 and Rs 1429.9, respectively, in the session so far. The stock of Colgate-Palmolive (India) Ltd. quoted a 52-week high of Rs 1823.0 and a 52-week low of Rs 1393.0.

As per BSE, the total market cap of the Colgate-Palmolive (India) Ltd. stood at Rs 39190.41 crore at the time of writing this report.

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

The net profit for latest quarter stood at Rs 269.17 crore, down 1.83 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Dec-2021, DIIs held 2.86 per cent stake in the firm, while foreign institutional investors held 18.02 per cent and the promoters 0.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 36.78 and a price-to-book ratio of 36.38. 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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