Colgate-Palmolive shares down 2.68% as Sensex falls

The stock opened at Rs 2701.85 and has touched an intraday high and low of Rs 2701.85 and Rs 2619.4 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 58.32, earnings per share (EPS) of Rs 46.33 and price to book value (PB) of 23.88, while the return on equity (ROE) stood at Rs 60.84.

Promoter/ FII Holding
The promoters held 51.0 per cent stake in the company as of April 09, while FII and MF ownerships stood at 24.62 per cent and 2.82 per cent, respectively.

Key Financials
With a market capitalisation of Rs 73486.44 crore, the company operates in the Personal Care industry. For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 1413.54 crore, down 5.27 per cent from the previous quarter?s Rs 1492.1 crore and down 8.59 per cent from the same quarter a year ago. The company reported net profit of Rs 330.11 crore for the latest quarter, up 35.71 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 46.74. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.