Colgate-Palmolive (India) Ltd's Stock Reaches All-Time High, Outperforms Sector and Sensex

Aug 31 2024 09:20 AM IST
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Colgate-Palmolive (India) Ltd's stock price reached an all-time high of Rs. 3696.05 on August 31, 2024, according to MarketsMojo. The stock has consistently outperformed the sector and is currently trading above its moving averages. In the past year, it has shown a significant increase of 88.29%, showcasing its strong performance in the FMCG industry.

Colgate-Palmolive (India) Ltd, a leading FMCG company, has reached a new milestone as its stock price touched an all-time high of Rs. 3696.05 on August 31, 2024. This is a significant achievement for the company, showcasing its strong performance and growth in the market.

According to MarketsMOJO, a leading stock analysis platform, the stock call for Colgate-Palmolive (India) is 'Buy'. This further reinforces the positive sentiment surrounding the company's stock.

In today's trading session, Colgate-Palmolive (India) outperformed the sector by 1.38%, indicating its strong position in the market. The stock has been on a consecutive gain for the last 3 days, with a 2.77% increase in returns during this period. This is a testament to the company's consistent growth and performance.

The stock also touched an intraday high of Rs. 3696.05, a 2.47% increase from the previous day. Colgate-Palmolive (India) is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its stock price.

In the past year, Colgate-Palmolive (India) has outperformed the Sensex with a 88.29% increase in its stock price, compared to the Sensex's 26.55% performance. This further highlights the company's strong growth and performance in the FMCG industry.

With its consistent growth and positive outlook, Colgate-Palmolive (India) continues to be a top player in the FMCG industry and a promising investment opportunity for investors.
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