Colgate-Palmolive shares up 1.56% as Sensex rises
A total of 2,507 shares changed hands on the counter till 10:45AM (IST)
Shares of (India) Ltd. gained 1.56 per cent to Rs 2886.6 in Monday's session as of 10:45AM (IST) even as the equity benchmark traded 189.45 points higher at 79222.18.Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 3068.95 and a 52-week low of Rs 1673.75 on . Around 2507 shares changed hands on the counter till 10:45AM (IST).
The stock opened at Rs 2854.95 and has touched an intraday high and low of Rs 2894.0 and Rs 2832.75 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 58.66, earnings per share (EPS) of Rs 48.67 and price to book value (PB) of 27.81, while the return on equity (ROE) stood at Rs 70.61.
Promoter/ FII Holding
The promoters held 51.0 per cent stake in the company as of July 01, while FII and MF ownerships stood at 24.51 per cent and 3.1 per cent, respectively.
Key Financials
With a market capitalisation of Rs 77650.54 crore, the company operates in the Personal Care industry. For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 1512.66 crore, up 7.01 per cent from the previous quarter?s Rs 1413.54 crore and up 10.33 per cent from the same quarter a year ago. The company reported net profit of Rs 379.82 crore for the latest quarter, up 20.11 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 57.09. 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.
Source: Stocks-Markets-Economic Times
