Colgate-Palmolive share price down 0.21 per cent

Shares of Colgate-Palmolive (India) Ltd. traded 0.21 per cent up at Rs 1989.5 at around 10:56AM (IST) on Wednesday. The stock had closed at Rs 1993.7 in the previous session. Equity benchmark Sensex traded 589.27 points lower at 67007.57 around the same time.


The scrip has climbed 25.95 per cent in the last one year till date, while the 30-share index has gained 10.62 per cent during the same period.

The stock's 52-week high price stood at Rs 2061.55 and the 52-week low price at Rs 1434.6.

Trading volume on the counter stood at 1,396 shares, while it quoted a price-to-earnings ratio of 48.92, an EPS value of 40.85 and a price-to-book value of 23.88. In the Nifty50 pack, 16 stocks traded in the green, while 34 stocks were in the red.

Promoter/FII Holding
Promoters held 51.0 per cent stake in the company as of 30-Jun-2023, while foreign institutional investors and mutual funds' ownership stood at 21.8 per cent and 2.16 per cent, respectively.

Key Financials
For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 1338.64 crore, down 2.36 per cent from the previous quarter's Rs 1370.98 crore and down 10.78 per cent from the year-ago quarter's Rs 1208.35 crore. The company reported net profit of Rs 273.68 crore for the latest quarter.

Technical Indicators
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.