Colgate-Palmolive (India) Ltd's Stock Reaches New High, Outperforming Sector and Sensex

Feb 01 2024 09:35 AM IST
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Colgate-Palmolive (India) Ltd, a leading FMCG company in India, has reached a new milestone with its stock price touching a 52-week high on February 1st, 2024. The stock has been performing well, with consecutive gains in the last 2 days and trading higher than its moving averages. It has also shown significant growth compared to the Sensex, highlighting its strong performance in the FMCG industry.

Colgate-Palmolive (India) Ltd, a leading FMCG company in India, has recently reached a new milestone with its stock price touching a 52-week high on February 1st, 2024. The company's stock has been performing well in the market, with a 'Hold' call by MarketsMOJO.

The stock price of Colgate-Palmolive (India) Ltd has reached a new high of Rs.2604.65, surpassing its previous 52-week high. However, the stock has underperformed the sector by -0.67% today. Despite this, the stock has been on a consecutive gain for the last 2 days, with a 3.47% increase in returns during this period.

In terms of moving averages, Colgate-Palmolive (India) Ltd is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend in the stock's performance.

When compared to the Sensex performance, Colgate-Palmolive (India) Ltd has shown a significant growth of 77.40% in the last year, while the Sensex has only grown by 20.22%. This showcases the company's strong performance and potential in the FMCG industry.

Colgate-Palmolive (India) Ltd has been a major player in the FMCG sector in India, with a wide range of popular products in the market. With its recent stock price reaching a new high, the company continues to showcase its strength and stability in the market.
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