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    Colgate-Palmolive shares up 1.58% as Nifty gains

    Synopsis

    A total of 2,481 shares changed hands on the counter till 10:05AM (IST).

    NiftyGetty Images
    India 10-year bond yield rose 0.05 per cent to 6.03 after trading in 6.02-6.04 range.
    NEW DELHI: Shares of Colgate-Palmolive (India) Ltd. traded 1.58 per cent up in Thursday's trade at 10:05AM (IST). Around 2,481 shares changed hands on the counter.

    The stock opened at Rs 1514.05 and touched an intraday high and low of Rs 1537.6 and Rs 1514.0, respectively, in the session so far. The stock of Colgate-Palmolive (India) Ltd. quoted a 52-week high of Rs 1695.0 and a 52-week low of Rs 1375.55.

    Total market cap of the Colgate-Palmolive (India) Ltd. stood at Rs 41679.08 crore at the time of writing this report.

    Key Financials
    The company reported consolidated sales of Rs 1398.76 crore for the quarter ended 30-Sep-2022, up 15.76 per cent from previous quarter's Rs 1208.35 crore and up 2.93 per cent from the year-ago quarter's Rs 1358.93 crore.

    The net profit for latest quarter stood at Rs 278.02 crore, up 3.29 per cent from the corresponding quarter last year.

    Shareholding pattern
    As of 30-Sep-2022, DIIs held 1.73 per cent stake in the firm, while foreign institutional investors held 18.7 per cent and the promoters 51.0 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a P/E multiple of 39.19 and a price-to-book ratio of 27.81. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

    Colgate-Palmolive (India) Ltd. belongs to the Personal Care industry.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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