Colgate-Palmolive Stock 1.37% Higher as Nifty Weakens

Colgate-Palmolive Stock 1.37% Higher as Nifty Weakens
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Shares of Colgate-Palmolive (India) Ltd. gained 1.37% to Rs 2086.8 in Thursday’s trade as of 10:15AM (IST). The stock hit a high price of Rs 2092.0 and low of Rs 2061.15 during the session. The return on equity (ROE) for the stock stood at 60.84%. Traded volume on the counter stood at 10:15AM shares and turnover at Rs 0.89 crore around that time. The stock of Colgate-Palmolive (India) Ltd. quoted a 52-week high and 52-week low prices of Rs 2096.25 and Rs 1434.6, respectively. The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 0.52. Promoters held 51.0% stake in the company as of 30-Sep-2023, while foreign investors held 24.08% and domestic institutional investors had 5.57%. The company reported consolidated sales of Rs 1338.64 crore for the quarter ended 30-Jun-2023, down 2.36% from previous quarter’s Rs 1370.98 crore and down 10.78% from the year-ago quarter’s Rs 1208.35 crore. Net profit after tax for the latest quarter stood at Rs 273.68 crore, up 30.53% from the same quarter a year ago.

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