Colgate-Palmolive shares drop 0.68% as Sensex rises

Colgate-Palmolive shares drop 0.68% as Sensex rises
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Synopsis

A total of 8,881 shares changed hands on the counter till 12:02PM (IST)

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Shrikant Chouhan of Kotak Securities said Nifty50 topping the 15,800 mark was completely unexpected.
Shares of Colgate-Palmolive (India) Ltd. traded 0.68 per cent down at Rs 1491.8 at 12:02PM (IST) on Monday, even as BSE benchmark Sensex gained 525.58 points to 56075.88. The stock had settled at Rs 1501.95 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 1823.0 and Rs 1375.55, respectively.

As per BSE data, total traded volume on the counter till 12:02PM (IST) stood at 12:02PM shares with turnover at Rs 1.32 crore.

At the prevailing price, the stock trades at 37.99 times its trailing 12-month earnings per share of Rs 39.32 per share and 36.38 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-Dec-2021, while FIIs owned 18.02 per cent and DIIs 8.16 per cent.

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