Colgate-Palmolive slides after a block deal

Colgate-Palmolive (India) lost 2% to Rs 1,201 at 15:14 IST on BSE after a block deal of 1.15 lakh shares was executed on BSE at Rs 1,212 per share at 14:35 IST.

The block deal constitutes 0.08% of Colgate-Palmolive (India)'s equity.

Meanwhile, the S&P BSE Sensex was up 236.09 points or 1.28% at 18,637.13.

On BSE, 1.42 lakh shares were traded in the counter as against average daily volume of 14,760 shares in the past one quarter.

The stock hit a high of Rs 1,233 and a low of Rs 1,192.65 so far during the day. The stock had hit a 52-week low of Rs 1,159.95 on 3 September 2012. The stock had hit a record high of Rs 1,580.40 on 1 January 2013.

The stock had underperformed the market over the past one month till 29 August 2013, sliding 12.96% compared with the Sensex's 6.08% fall. The scrip had also underperformed the market in past one quarter, declining 17.39% as against Sensex's 8.67% fall.

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

Colgate-Palmolive (India)'s net profit jumped 57.7% to Rs 185.22 crore on 14.7% growth in net sales to Rs 844.62 crore in Q1 June 2013 over Q1 June 2012.

Colgate-Palmolive (India) is India's leading provider of oral care products at various price points. The range includes toothpastes, toothpowder, toothbrushes and mouthwashes under the Colgate brand, as well as a specialized range of dental therapies under the banner of Colgate Oral Pharmaceuticals. The company also provides a range of personal care products under the 'Palmolive' brand name.

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