Colgate-Palmolive shares fall 0.25 per cent in Tuesday's trading session

Shares of Colgate-Palmolive (India) Ltd. fell 0.25 per cent to Rs 1603.85 in Tuesday's trade as of 11:38AM (IST) even as the benchmark Nifty ruled at 18555.2, down 38.65 points.

The scrip had closed at Rs 1607.95 in the previous session. The stock quoted a 52-week low of Rs 1434.6 and a high of Rs 1713.0. The company quoted a market-cap of Rs 43616.98 crore on the BSE.

On BSE, 3,215 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 41.65 times its trailing 12-month EPS of Rs 38.5 per share and 23.88 times its book value. The return on equity (ROE) stood at Rs 61.0.

Key Financials
For the quarter ended 31-Mar-2023, Colgate-Palmolive (India) Ltd. reported consolidated sales of Rs 1370.98 crore, up 4.64 per cent from the same quarter a year ago. The company reported 2.27 per cent YoY de-growth in net profit at Rs 316.22 crore for the latest quarter.

Technical indicators
The relative strength index (RSI) of the stock stood at Tuesday. 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.