Colgate-Palmolive shares up 1.77% as Sensex rises

Stock

Shares of (India) Ltd. gained 1.77 per cent to Rs 1579.0 in Thursday’s session as of 10:57AM (IST) even as the equity benchmark Sensex traded 397.63 points higher at 50059.39.

Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 1675.8 and a 52-week low of Rs 1257.2 on NSE. Around 63311 shares changed hands on the counter till 10:57AM (IST).

The stock opened at Rs 1556.0 and has touched an intraday high and low of Rs 1580.0 and Rs 1556.0 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 46.38, earnings per share (EPS) of Rs 34.0 and price to book value (PB) of 27.81, while the return on equity (ROE) stood at Rs 51.21.

Promoter/ FII Holding
The promoters held 51.0 per cent stake in the company as of April 08, while FII and MF ownerships stood at 16.59 per cent and 2.62 per cent, respectively.

Key Financials

With a market capitalisation of Rs 42892.13 crore, the company operates in the Personal Care industry. For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 1241.81 crore, down 3.96 per cent from the previous quarter?s Rs 1293.05 crore and down 7.71 per cent from the same quarter a year ago. The company reported net profit of Rs 248.36 crore for the latest quarter, up 24.74 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 51.29. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.


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