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Share price of Colgate-Palmolive falls as Sensex gains 159.63 points

Share price of (India) Ltd. dropped 0.86 per cent to Rs 1683.6 at 12:04PM (IST) in Tuesday’s trade. The counter hit a high of Rs 1708.0 and low of Rs 1682.45 so far during the session. The stock had closed at Rs 1698.15 in the previous session.

The counter had a total traded volume of 12:04PM shares so far with a turnover of Rs 39.69 crore on BSE. The stock traded at a price-to-earnings multiple of 42.75 and a price-to-book ratio of 36.38.

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 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.

Promotor/FII Holding

Promoters held 51.0 per cent stake in the company as of 30-Jun-2021, while foreign investors and domestic institutional investors ownership stood at 18.61 per cent and 8.2 per cent, respectively.

Key Financials

The firm reported consolidated net sales of Rs 1171.18 crore for the quarter ended 30-Jun-2021, down 9.2 per cent from the previous quarter’s Rs 1289.81 crore and down 11.87 per cent from the year-ago quarter’s Rs 1046.9 crore.

Its profit for the latest quarter stood at Rs 233.23 crore, up 17.69 per cent from the same quarter a year ago.

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