Colgate Palmolive rallies 6% in a weak market, trades near record high

In the past two months, post its June quarter (Q1FY20) results, Colgate Palmolive has outperformed the market by surging 17 per cent, as against a 5 per cent decline in the benchmark S&P BSE Sensex

Expectations of recovery in volume pushed shares of Colgate Palmolive India 6 per cent higher intra-day to Rs 1,327 in an otherwise weak market on the BSE on Monday. The personal products company's stock, which was trading higher for the third consecutive trading session, was quoting close to its record high level of Rs 1,365, touched on January 1, 2019.

In the past two months, post its June quarter (Q1FY20) results, Colgate Palmolive has outperformed the market by surging 17 per cent, as compared to a 5 per cent decline in the benchmark S&P BSE Sensex.

The company logged domestic