Colgate Palmolive declines on profit booking after strong Q2 earnings

Colgate Palmolive (India) lost 1.02% to Rs 968 at 14:34 IST on BSE, with the stock sliding on profit taking after net profit rose 21.1% to Rs 156.93 crore on 3.83% growth in total income to Rs 1049.23 crore in Q2 September 2015 over Q2 September 2014

The result was announced during market hours today, 29 October 2015.

Meanwhile, the S&P BSE Sensex was down 154.09 points or 0.57% at 26,885.67.

On BSE, so far 1.06 lakh shares were traded in the counter as against average daily volume of 62,284 shares in the past one quarter.

The stock was volatile. The stock lost as much as 2.16% at the day's low of Rs 956.80 so far during the day. The stock rose as much as 1.53% at the day's high of Rs 993.60 so far during the day. The stock had hit a 52-week low of Rs 840 on 30 October 2014. The stock had hit a record high of Rs 1,099.25 on 15 April 2015.

The stock had underperformed the market over the past one month till 28 October 2015, gaining 3.09% compared with Sensex's 5.55% rise. The scrip had also underperformed the market in past one quarter, sliding 4.57% as against Sensex's 1.53% fall.

The large-cap company has equity capital of Rs 27.20 crore. Face value per share is Rs 1.

Shares of Colgate Palmolive (India) had witnessed a pre-result rally. The stock had surged 4.55% in preceding two trading sessions to settle at Rs 978 yesterday, 28 October 2015, from a recent low of Rs 935.40 on 26 October 2015.

Colgate-Palmolive (India) makes oral care products.

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