Colgate-Palmolive Share Price: Colgate-Palmolive shares rise 0.7 per cent in Wednesday’s trading session

Shares of (India) Ltd. rose 0.7 per cent to Rs 1692.1 in Wednesday’s trade as of 10:56AM (IST) even as the benchmark Nifty ruled at 17826.55, up 4.25 points.

The scrip had closed at Rs 1680.4 in the previous session. The stock quoted a 52-week low of Rs 1407.0 and a high of Rs 1823.0. The company quoted a market-cap of Rs 46015.89 crore on the BSE.

On BSE, 4,221 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 42.99 times its trailing 12-month EPS of Rs 39.36 per share and 36.38 times its book value. The return on equity (ROE) stood at Rs 88.77.




Key Financials

For the quarter ended 30-Jun-2021, Colgate-Palmolive (India) Ltd. reported consolidated sales of Rs 1171.18 crore, down 11.87 per cent from the same quarter a year ago. The company reported 17.69 per cent YoY growth in net profit at Rs 233.23 crore for the latest quarter.

Technical indicators

The relative strength index (RSI) of the stock stood at Wednesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold 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 Link