Colgate-Palmolive stock price: Colgate-Palmolive shares 1.96% rise as Sensex rises

The shares of Colgate-Palmolive (India) Ltd. gained 1.96% to Rs 1610.45 in Tuesday’s session at 13:03 (IST), even as the benchmark Sensex shares traded down 1196.21 points at 57985.02.

Earlier in the day, the stock saw a gap in early trading. The stock quoted a 52-week high of Rs 1723.65 and a 52-week low of Rs 1375.55 on NSE. Around 4561 shares changed hands at the counter till 13:03 (IST).

The stock opened at Rs 1600.0 and touched an intraday high and low of Rs 1624.0 and Rs 1587.95 during the session so far. The counter quoted a price to earnings (PE) ratio of 41.76, earnings per share (EPS) of Rs 38.78 and a price to book value (PB) of 27.81, while the return on equity (ROE) stood at Rs 62.16.

Promoter/ Holding FII
The promoters held 51.0% of the company’s capital as of October 4, while the stakes of FII and MF amounted to 18.7% and 1.87% respectively.

Key financial data

With a market capitalization of Rs 44049.43 crore, the company operates in the personal care sector. For the quarter ended June 30, 2022, the company reported consolidated sales of Rs 1,208.35 crore, down 7.77% from the previous quarter of Rs 1,310.13 crore and down 3.17% from compared to the same quarter a year ago. The company reported a net profit of Rs 209.67 crore for the last quarter, down 10.1% from the corresponding quarter last year.

Technical indicators
The relative strength index (RSI) of the stock stands at 52.16. The RSI oscillates between zero and 100. Traditionally, it is considered an overbought condition when the RSI value is above 70 and an oversold condition when it is below 30. Analysts say that the RSI indicator should not be considered in isolation, as it may not be enough to take a trade call, just as a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.

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