Colgate-Palmolive (India) Ltd's Stock Sees Dip, But Remains a Promising Investment Option

Oct 14 2024 11:15 AM IST
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On October 14, 2024, Colgate-Palmolive (India) Ltd's stock price saw a dip of -3.21%, closing at Rs 3568. However, according to MarketsMojo, the stock is a 'Buy' call, indicating potential for growth. Despite underperforming the sector, the stock's moving averages suggest a positive long-term trend. In comparison to the market, the stock has shown a decline of -1.63% in the past month, making it a promising investment option in the FMCG industry.


Colgate-Palmolive (India) Ltd, a leading FMCG company, saw a dip in its stock price on October 14, 2024. The stock closed at Rs 3568, down by -3.21% from the previous day's closing. However, despite this dip, the stock has been performing well in the market.

According to MarketsMOJO, a leading stock market analysis platform, Colgate-Palmolive (India) Ltd's stock is a 'Buy' call. This indicates that the stock has potential for growth and investors can consider buying it.

On October 14, the stock underperformed the sector by -2.31%. It touched an intraday low of Rs 3568, showing a decline of -3.16%. However, the stock's moving averages are still higher than the 100-day and 200-day moving averages, indicating a positive trend in the long term. It is currently lower than the 5-day, 20-day, and 50-day moving averages, which may be a short-term dip.

In comparison to the overall market performance, Colgate-Palmolive (India) Ltd's stock has shown a decline of -3.18% in the past day, while the Sensex has shown a growth of 0.59%. In the past month, the stock has shown a decline of -1.63%, while the Sensex has shown a decline of -1.24%. This indicates that the stock has been performing better than the market in the long term.

Colgate-Palmolive (India) Ltd is a largecap company in the FMCG industry. With its strong brand presence and a wide range of products, the company has been able to maintain a steady growth in the market. Despite the recent dip in its stock price, Colgate-Palmolive (India) Ltd remains a promising investment option for investors looking for long-term growth in the FMCG sector.
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