Share price of Colgate-Palmolive rises as Nifty strengthens

Share price of Colgate-Palmolive rises as Nifty strengthens
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Synopsis

A total of 4,031 shares changed hands on the counter till 12:48PM (IST).

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Nifty moved in a tight range of 82 points, and ended slightly below the psychologically crucial level of 15,700.
Shares of Colgate-Palmolive (India) Ltd. gained 0.01 per cent to Rs 1632.4 in Monday's trade as of 12:48PM (IST).

The stock hit a high price of Rs 1647.1 and low of Rs 1625.15 during the session.

The return on equity (ROE) for the stock stood at 62.16 per cent. Traded volume on the counter stood at 12:48PM shares and turnover at Rs 0.66 crore around that time.

The stock of (India) Ltd. quoted a 52-week high and 52-week low prices of Rs 1750.05 and Rs 1375.55, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 0.52.

Promotor/FII Holding
Promoters held 51.0 per cent stake in the company as of 30-Jun-2022, while FIIs held 18.7 per cent and domestic institutional investors had 8.83 per cent.

Key Financials
The company reported consolidated sales of Rs 1208.35 crore for the quarter ended 30-Jun-2022, down 7.77 per cent from previous quarter's Rs 1310.13 crore and down 3.17 per cent from the year-ago quarter's Rs 1171.18 crore.

Net profit after tax for the latest quarter stood at Rs 209.67 crore, down 10.1 per cent from the same quarter a year ago.
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