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Colgate-Palmolive (India) corrects on profit booking

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Colgate-Palmolive (India) fell 1.67% to Rs 1,948.20 at 15:05 IST on BSE on profit booking after the stock rose 9.45% in the preceding six trading sessions to Rs 1,981.30 on Wednesday, 16 September 2015, from a recent low of Rs 1,810.30 on 8 September

Meanwhile, the BSE Sensex was up 252.79 points, or 0.97%, to 26,216.76.

On BSE, so far 2.40 lakh shares were traded in the counter, compared with an average volume of 30,585 shares in the past one quarter.

The stock hit a high of Rs 2,000 and a low of Rs 1,929.65 so far during the day. The stock hit a record high of Rs 2,198.50 on 15 April 2015. The stock hit a 52-week low of Rs 1,581.25 on 17 September 2014.

 

The stock had outperformed the market over the past one month till 16 September 2015, falling 0.23% compared with 7.49% fall in the Sensex. The scrip had also outperformed the market in past one quarter, rising 2.48% as against Sensex's 2.71% decline.

The large-cap company has an equity capital of Rs 13.60 crore. Face value per share is Re 1.

Colgate-Palmolive (India)'s net profit declined 15.3% to Rs 114.28 crore on 5.5% growth in net sales to Rs 1002.91 crore in Q1 June 2015 over Q1 June 2014.

Colgate-Palmolive (India) makes oral care products.

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First Published: Sep 18 2015 | 3:06 PM IST

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