Colgate-Palmolive shares fall 1.19 per cent in Wednesday's trading session

Colgate-Palmolive shares fall 1.19 per cent in Wednesday's trading session
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Synopsis

The Relative Strength Index of the stock stood at 49.44 on Wednesday.

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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. fell 1.19 per cent to Rs 1573.25 in Wednesday's trade as of 01:49PM (IST) even as the benchmark Nifty ruled at 16091.40, down 148.65 points.

The scrip had closed at Rs 1592.25 in the previous session. The stock quoted a 52-week low of Rs 1375.55 and a high of Rs 1823.0. The company quoted a market-cap of Rs 42582.07 crore on the BSE.

On BSE, 10,738 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 39.82 times its trailing 12-month EPS of Rs 39.32 per share and 36.38 times its book value. The return on equity (ROE) stood at Rs 88.77.

Key Financials
For the quarter ended 31-Dec-2021, (India) Ltd. reported consolidated sales of Rs 1285.8 crore, down 3.54 per cent from the same quarter a year ago. The company reported 1.6 per cent YoY growth in net profit at Rs 252.33 crore for the latest quarter.

Technical indicators
The relative strength index (RSI) of the stock stood at Wednesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.

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