Colgate-Palmolive (India) hits 52-week high after announcing Q1 results

Colgate-Palmolive (India) surged 6.21% to Rs 1,016.55 at 15:20 IST on BSE after net profit rose 8% to Rs 125.70 crore on 12% growth in net sales to Rs 1141.50 crore in Q1 June 2016 over Q1 June 2015.

The result was announced during market hours today, 8 August 2016.

Meanwhile, the S&P BSE Sensex was up 99.02 points or 0.35% at 28,177.37.

The stock surged on heavy volumes. On BSE, so far 3 lakh shares were traded in the counter as against average daily volume of 36,004 shares in the past one quarter. The stock hit a high of Rs 1,032.85 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 940 so far during the day. The stock had hit a 52-week low of Rs 787.60 on 24 May 2016. The stock had underperformed the market over the past one month till 5 August 2016, advancing 2.01% compared with 3.36% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 13.19% as against Sensex's 11.15% rise.

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

Colgate-Palmolive (India) achieved a volume growth of 6% in Q1 June 2016 over Q1 June 2015.

Colgate-Palmolive (India) makes oral care products.

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