The stock gave up some of its gains and finally settled at Rs 653, up around 1.5% from the previous close. Around 70,410 shares have been traded on the BSE today.
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(Updated at 1104hrs)
Colgate Palmolive has soared 3% after the company has recently posted a massive surge in the consolidated -net profit for the quarter ended June 30, 2009.
The stock today opened at Rs 659, touched a high of Rs 668 and a low of Rs 650. The scrip is now trading at Rs 661, up around 3% from the previous close. The counter has witnessed trades of 32,000 shares on the BSE so far.
The company recently registered a 43% surge in the consolidated net profit for the quarter ended June 30,2009 to Rs 103 crore as compared to Rs 72 crore in the corresponding quarter, a year ago.
The revenue for this quarter has also increased 15% to touch Rs 468 crore as compared to Rs 408 crore a year ago.
