Colgate Palmolive India gains on eyeing continued strong growth for next several years
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Colgate-Palmolive (India) is currently trading at Rs. 1568.00, up by 5.80 points or 0.37% from its previous closing of Rs. 1562.20 on the BSE.
The scrip opened at Rs. 1555.00 and has touched a high and low of Rs. 1573.05 and Rs. 1555.00 respectively. So far 2271 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1823.00 on 26-Jul-2021 and a 52 week low of Rs. 1375.55 on 25-Jan-2022.
Last one week high and low of the scrip stood at Rs. 1579.80 and Rs. 1530.00 respectively. The current market cap of the company is Rs. 42711.26 crore.
The promoters holding in the company stood at 51.00%, while Institutions and Non-Institutions held 26.99% and 22.01% respectively.
Colgate Palmolive India is eyeing continued strong growth for the next several years backed by the company's focus on innovation. The company gets around 95 per cent of its sales turnover from oral care. The predominant business of the company continues to be oral care and the outlook for the oral health industry is positive given the size of the opportunity.
Besides, the company has also entered into the face cleansing category under its brand Palmolive and is excited about the opportunities in the segment.
Colgate Palmolive (India) has trusted brands for dental care, personal care, home care and professional oral care. The company is the fastest growing and one of the oldest companies catering to the personal care products.
