Colgate-Palmolive shares up 1.73% as Nifty drops
A total of 6,160 shares changed hands on the counter till 10:30AM (IST).
NEW DELHI: Shares of (India) Ltd. traded 1.73 per cent up in Tuesday's trade at 10:30AM (IST). Around 6,160 shares changed hands on the counter.The scrip opened at Rs 2728.85 and touched an intraday high and low of Rs 2807.5 and Rs 2715.0, respectively, in the session so far. Shares of the company of (India) Ltd. quoted a 52-week high of Rs 2807.5 and a 52-week low of Rs 1492.9.
As per , the total market cap of the (India) Ltd. stood at Rs 75068.03 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 1413.54 crore for the quarter ended 31-Dec-2023, down 5.27 per cent from previous quarter's Rs 1492.1 crore and down 8.59 per cent from the year-ago quarter's Rs 1301.68 crore.
The net profit for latest quarter stood at Rs 330.11 crore, up 35.71 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Dec-2023, domestic institutional investors held 2.82 per cent stake in the company, while foreign institutional investors held 24.62 per cent and the promoters 0.0 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 59.57 and a price-to-book ratio of 23.88. 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
