Shares of Colgate-Palmolive fall as Nifty drops
On the technical charts, the 200-day moving average of the stock stood at Rs 2247.51.
Shares of (India) Ltd. slipped 1.33 per cent to Rs 2665.0 in Thursday's trade as of 01:39PM (IST). It hit a high of Rs 2718.95 and low of Rs 2665.0 during the session.The stock quoted a 52-week high price of Rs 2813.8 and a low of Rs 1520.3. The return on equity for the stock stood at 60.84 per cent. About 3,875 shares have changed hands on the counter so far.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.52.
The scrip has been an outperformer, up 71.77 per cent in the past one year in comparison with a 21.65 per cent gain in .
Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 1520.3 on April 18, while the 50-DMA was at Rs 2614.85. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding
Promoters held 0.0 per cent stake in (India) Ltd. as of 31-Mar-2024. Mutual funds and foreign institutional investors held 3.1 per cent and 24.51 per cent stake.
Source: Stocks-Markets-Economic Times
