Colgate-Palmolive Share Price: Colgate-Palmolive shares rise 0.31 per cent in Wednesday’s trading session

Shares of Colgate-Palmolive (India) Ltd. rose 0.31 per cent to Rs 2133.2 in Wednesday’s trade as of 01:45PM (IST) even as the benchmark Nifty ruled at 19661.4, up 217.85 points.

The scrip had closed at Rs 2126.4 in the previous session. The stock quoted a 52-week low of Rs 1434.6 and a high of Rs 2149.75. The company quoted a market-cap of Rs 57972.38 crore on the BSE.

On BSE, 4,431 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 49.41 times its trailing 12-month EPS of Rs 43.13 per share and 23.88 times its book value. The return on equity (ROE) stood at Rs 60.84.

Key Financials
For the quarter ended 30-Sep-2023, Colgate-Palmolive (India) Ltd. reported consolidated sales of Rs 1492.1 crore, up 6.67 per cent from the same quarter a year ago. The company reported 22.31 per cent YoY growth in net profit at Rs 340.05 crore for the latest quarter.

Technical indicators

The relative strength index (RSI) of the stock stood at Wednesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold 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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