Joshs Finance

Colgate-Palmolive shares up 0.97% as Sensex falls – Economic Times

Shares of Colgate-Palmolive (India) Ltd. gained 0.97 per cent to Rs 1599.85 in Wednesday’s session as of 10:20AM (IST) even as the equity benchmark Sensex traded 103.14 points lower at 58033.22.

Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 1751.85 and a 52-week low of Rs 1375.55 on NSE. Around 4831 shares changed hands on the counter till 10:20AM (IST).

The stock opened at Rs 1584.0 and has touched an intraday high and low of Rs 1605.0 and Rs 1584.0 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 41.32, earnings per share (EPS) of Rs 38.78 and price to book value (PB) of 27.81, while the return on equity (ROE) stood at Rs 62.16.

Smart Talk

Promoter/ FII Holding
The promoters held 51.0 per cent stake in the company as of August 03, while FII and MF ownerships stood at 18.7 per cent and 1.87 per cent, respectively.

Key Financials
With a market capitalisation of Rs 43581.62 crore, the company operates in the Personal Care industry. For the quarter ended 30-Jun-2022, the company reported consolidated sales of Rs 1208.35 crore, down 7.77 per cent from the previous quarter?s Rs 1310.13 crore and down 3.17 per cent from the same quarter a year ago. The company reported net profit of Rs 209.67 crore for the latest quarter, down 10.1 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 57.93. 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.

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