Colgate-Palmolive shares gain 1.44% as Sensex rises

Shares of Colgate-Palmolive (India) Ltd. traded 1.44 per cent up at Rs 3675.

6 at 10:34AM (IST) on Monday, even as BSE benchmark Sensex gained 177.13 points to 83068.07.



The scrip had closed at Rs 3623.3 in the previous session. The stock quoted a 52-week high price of Rs 3710.

0 and 52-week low of Rs 1930.0, respectively. As per BSE data, total traded volume on the counter till 10:34AM (IST) stood at 459 shares with a turnover of Rs 0.

17 crore. At the current price, the stock traded at 69.96 times its trailing 12-month earnings per share of Rs 51.

99 per share and 27.81 times its price-to-book value, exchange 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 reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.52.

Stock Trading Market 101: An Insight into Trendlines and Momentum By - Rohit Srivastava, Founder View Program Stock Trading Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading By - Rohit Srivastava, Founder View Program Stock Trading Market 103: Mastering Trends with RMI and Techno-Funda Insights By - Rohit Srivastava, Founder View Program Stock Trading Market 104: Options Trading: Kickstart Your F&O Adventure By - Saketh R, Founder- QuickAlpha, Full Time Options Trader View Program Stock Trading Introduction to Technical Analysis & Candlestick Theory By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program Shareholding Details Promoters held 0.0 per cent stake in the company as of 30-Jun-2024, while FIIs owned 24.44 per cent and DIIs 3.

22 per cent. Technicals On the technical charts, the relative strength index (RSI) of the stock stood at 66.7.

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. Chartists say, RSI should not be seen in isolation, as it may not be sufficient to take a trading call, just the way fundamental analysts cannot give a'buy' or'sell' recommendation using a single valuation ratio.

(You can now subscribe to our ETMarkets WhatsApp channel ).