Colgate Palmolive bucks day's trend

DALAL STREET SPIKES

On a day when bears were out in full swing, Colgate Palmolive bucked the trend and was among the best performers in the A group, rising by over 2 per cent to close at Rs 322.3 on volumes of nearly 69,000.

Investors' interest in the scrip was propelled by the need to shift to defensive sectors in the backdrop of high market volatility.

It is also significant that last week the company had announced a meeting of the board of directors on March 9 to consider and declare a second interim dividend for 2006-07. The FMCG major had reported a moderate performance in the December quarter.