Colgate-Palmolive shares drop 0.1% as Sensex rises

Shares of Colgate-Palmolive (India) Ltd. traded 0.1 per cent down at Rs 1607.2 at 12:19PM (IST) on Monday, even as BSE benchmark Sensex gained 341.34 points to 62888.45. The stock had closed at Rs 1608.8 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 1713.0 and Rs 1434.6, respectively.

As per BSE data, total traded volume on the counter till 12:19PM (IST) stood at 12:19PM shares with turnover at Rs 0.7 crore.

At the current price, the stock trades at 41.7 times its trailing 12-month earnings per share of Rs 38.5 per share and 23.88 times its price-to-book value, the exchange 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-Mar-2023, while FIIs owned 21.5 per cent and DIIs 6.89 per cent.