Colgate-Palmolive shares down 0.69% as Nifty drops
A total of 17,405 shares changed hands on the counter till 01:33PM (IST).
NEW DELHI: Shares of (India) Ltd. traded 0.69 per cent down in Thursday's trade at 01:33PM (IST). Around 17,405 shares changed hands on the counter.The scrip opened at Rs 2714.95 and touched an intraday high and low of Rs 2714.95 and Rs 2640.15, respectively, in the session so far. The stock of (India) Ltd. quoted a 52-week high of Rs 2961.15 and a 52-week low of Rs 1567.65.
Total market cap of the (India) Ltd. stood at Rs 72715.36 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 1512.66 crore for the quarter ended 31-Mar-2024, up 7.01 per cent from previous quarter's Rs 1413.54 crore and up 10.33 per cent from the year-ago quarter's Rs 1370.98 crore.
The net profit for latest quarter stood at Rs 379.82 crore, up 20.11 per cent from the same quarter a year ago.
Shareholding pattern
As of 31-Mar-2024, DIIs held 3.1 per cent stake in the company, while foreign institutional investors held 24.51 per cent and the promoters 51.0 per cent.
Valuation ratio
According to data, the stock traded at a price-to-earnings multiple of 60.33 and a price-to-book ratio of 27.81. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.
Colgate-Palmolive (India) Ltd. belongs to the Personal Care industry.
Source: Stocks-Markets-Economic Times
