Colgate-Palmolive stock price down 1.15 per cent as Sensex slides

Shares of Colgate-Palmolive (India) Ltd. fell 1.15 per cent to Rs 1601.0 at 01:01PM hours (IST) on Friday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 5,033 shares with a turnover of Rs 0.81 crore till 01:01PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 41.58, while the price-to-book value ratio stood at 23.88.

Return on equity (ROE) was at 61.0 per cent, according to exchange data. The stock hit an intraday high of Rs 1632.0 and a low of Rs 1600.15 during the session and quoted a 52-week high price of Rs 1713.0 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 1559.5 on June 09, while the 50-DMA was at Rs 1580.31. 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 49.74. 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 overseas investors held 21.5 per cent and domestic institutional investors had 6.89 per cent.