Colgate-Palmolive shares drop 0.39% as Sensex falls

Shares of Colgate-Palmolive (India) Ltd. traded 0.39 per cent down at Rs 2525.35 at 01:23PM (IST) on Thursday, even as BSE benchmark Sensex dropped 278.55 points to 72344.54. The scrip had closed at Rs 2535.45 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 2620.0 and Rs 1444.0, respectively.

As per BSE data, total traded volume on the counter till 01:23PM (IST) stood at 01:23PM shares with turnover at Rs 0.38 crore.

At the prevailing price, shares of the company trades at 54.51 times its trailing 12-month earnings per share of Rs 46.33 per share and 23.88 times its price-to-book value, BSE data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 0.52. Shareholding Details
Promoters held 51.0 per cent stake in the company as of 31-Dec-2023, while FIIs owned 24.62 per cent and DIIs 5.59 per cent.

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