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    Colgate-Palmolive stock price up 0.64 per cent as Sensex slides

    Synopsis

    As of 31-Mar-2023, promoters held 0.0 per cent stake in the company, while FIIs held 21.5 per cent and domestic institutional investors had 1.58 per cent.

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    Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
    Shares of Colgate-Palmolive (India) Ltd. rose 0.64 per cent to Rs 1584.2 at 10:46AM hours (IST) on Wednesday. Earlier in the day, the stock saw a start to the session.

    As per data available on BSE, total traded quantity on the counter stood at 1,131 shares with a turnover of Rs 0.18 crore till 10:46AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 40.89, while the price-to-book value ratio stood at 27.81.

    Return on equity (ROE) was at 62.16 per cent, according to exchange data. The stock hit an intraday high of Rs 1591.15 and a low of Rs 1574.1 during the session and quoted a 52-week high price of Rs 1695.0 and a 52-week low of Rs 1434.6.

    The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.52.

    Technical Indicators

    The 200-DMA (day moving average) of the stock stood at Rs 1554.52 on May 03, while the 50-DMA was at Rs 1512.31. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

    The Relative Strength Index (RSI) of the stood at 64.95. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

    Promoter holding

    As of 31-Mar-2023, promoters held 51.0 per cent stake in the company, while FIIs held 21.5 per cent and domestic institutional investors had 6.89 per cent.
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