Share price of Colgate-Palmolive (India) Ltd. rises as Nifty strengthens

Shares of Colgate-Palmolive (India) Ltd. gained 0.39 per cent to Rs 1565.65 in Thursday’s trade as of 11:17AM (IST).

The stock hit a high price of Rs 1577.0 and low of Rs 1556.85 during the session.

The return on equity (ROE) for the stock stood at 51.21 per cent. Traded volume on the counter stood at 11:17AM shares and turnover at Rs 1.2 crore around that time.

The stock of Colgate-Palmolive (India) Ltd. quoted a 52-week high and 52-week low prices of Rs 1675.8 and Rs 1214.95, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 0.52.

Promotor/FII Holding

Promoters held 51.0 per cent stake in the company as of 31-Dec-2020, while foreign investors held 16.59 per cent and domestic institutional investors had 10.11 per cent.

Key Financials

The company reported consolidated sales of Rs 1241.81 crore for the quarter ended 31-Dec-2020, down 3.96 per cent from previous quarter’s Rs 1293.05 crore and down 7.71 per cent from the year-ago quarter’s Rs 1152.97 crore.

Net profit after tax for the latest quarter stood at Rs 248.36 crore, up 24.74 per cent from the same quarter a year ago.

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