The Economic Times daily newspaper is available online now.

    Share price of Colgate-Palmolive falls as Sensex drops 404.01 points

    Synopsis

    Promoters held 0.0 per cent stake in the company as of 30-Sep-2022, while FII and DII ownership stood at 18.7 per cent and 1.87 per cent, respectively.

    NiftyGetty Images
    India 10-year bond yield rose 0.05 per cent to 6.03 after trading in 6.02-6.04 range.
    The share price of Colgate-Palmolive (India) Ltd. dropped 0.32 per cent to Rs 1566.6 at 12:23PM (IST) in Thursday's trade. The stock has hit a high of Rs 1578.05 and low of Rs 1557.3 so far during the session. The stock had closed at Rs 1571.6 in the previous session.

    The counter has had a total traded volume of 10080 shares so far with a value of Rs 1.57 crore on the NSE. It traded at a price-to-earnings multiple of 40.07 and a price-to-book ratio of 27.81.

    A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

    The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

    The scrip gained 8.12 per cent during the past one year, while the 30-share index advanced 9.72 per cent during the same period.

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

    Promotor/FII Holding
    Promoters held 0.0 per cent stake in the company as of 30-Sep-2022, while foreign investors and domestic institutional investors ownership stood at 18.7 per cent and 1.87 per cent, respectively.

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

    Profit for the latest quarter stood at Rs 278.02 crore, up 3.29 per cent from the same quarter a year ago.



    (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


    (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
    The Economic Times

    Stories you might be interested in