Banking and finance

Shares of Colgate-Palmolive fall as Nifty gains

Shares of (India) Ltd. slipped 0.66 per cent to Rs 1683.15 in Thursday’s commerce as of 02:02PM (IST). It hit a excessive of Rs 1701.2 and low of Rs 1681.0 throughout the session.

The inventory quoted a 52-week excessive worth of Rs 1823.0 and a low of Rs 1407.0. The return on fairness for the inventory stood at 88.77 per cent. About 4,172 shares have modified fingers on the counter to this point.

The inventory’s beta worth, which measures its volatility in relation to the broader market, stood at 0.52.



The scrip has been an underperformer, up 16.32 per cent up to now one 12 months as compared with a 50.74 per cent acquire in Sensex.

Technicals

On the technical charts, the 200-day shifting common (DMA) of the inventory stood at Rs 1407.0 on October 14, whereas the 50-DMA was at Rs 1688.08. If a inventory trades nicely above 50-DMA and 200-DMA, it often means the fast pattern is upward. Alternatively, if the inventory trades nicely under 50-DMA and 200-DMA each, it’s thought-about a bearish pattern and if trades between these averages, then it suggests the inventory can go both method.

Promoter/FII Holding

Promoters held 0.0 per cent stake in Colgate-Palmolive (India) Ltd. as of 30-Jun-2021. Mutual funds and overseas institutional buyers held 2.57 per cent and 18.61 per cent stake.


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