Shares of Colgate-Palmolive rise as Nifty gains

Shares of Colgate-Palmolive (India) Ltd. gained 0.36 per cent to Rs 1495.45 in Tuesday's trade as of 12:10PM (IST). It hit a high of Rs 1496.0 and low of Rs 1486.0 during the session.

The stock quoted a 52-week high price of Rs 1695.0 and a low of Rs 1375.55. The return on equity for the stock stood at 62.16 per cent. About 2,998 shares have changed hands on the counter so far.

The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.52.

The scrip has been an outperformer, up 6.51 per cent in the past one year in comparison with a 3.37 per cent gain in Sensex.

Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 1375.55 on January 24, while the 50-DMA was at Rs 1562.74. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding
Promoters held 0.0 per cent stake in Colgate-Palmolive (India) Ltd. as of 31-Dec-2022. Mutual funds and foreign institutional investors held 1.87 per cent and 18.7 per cent stake.