The stock closed at ₹2,176.00, slightly below its previous close of ₹2,186.25, with intraday fluctuations between ₹2,167.55 and ₹2,199.75. Over the past week, Colgate-Palmolive (India) recorded a return of -0.35%, contrasting with the Sensex's positive 0.96% return. Monthly and year-to-date returns show a more pronounced divergence, with the stock at -5.22% and -18.87% respectively, while the Sensex posted gains of 0.86% and 8.36% over the same periods. Longer-term returns over three and ten years reveal a more favourable picture, with the stock's 3-year return at 37.57% closely mirroring the Sensex's 37.31%, and a 10-year return of 130.51% compared to the Sensex's 232.28%.
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Examining technical indicators, the weekly MACD remains mildly bullish, suggesting some positive momentum in the short term, whereas the monthly MACD signals bearishness, indicating longer-term caution. The RSI presents a neutral weekly stance but shows bullish tendencies on the monthly chart, reflecting mixed momentum signals. Bollinger Bands and moving averages lean towards bearishness, with daily moving averages confirming a bearish trend. The KST indicator aligns with the MACD, mildly bullish weekly but bearish monthly, while Dow Theory assessments indicate mildly bearish trends on both weekly and monthly scales. On-balance volume (OBV) shows no clear trend weekly but mild bearishness monthly, suggesting volume patterns are not strongly supportive of upward price movement.
These technical nuances highlight a divergence between short-term and long-term momentum for Colgate-Palmolive (India), with recent adjustments in evaluation reflecting a cautious stance amid broader market volatility. The stock's market capitalisation grade remains low, consistent with the current technical trend changes. Investors may find the current environment indicative of a period of consolidation or potential revaluation within the FMCG sector.
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Comparing Colgate-Palmolive (India) with the broader Sensex index reveals a significant underperformance in recent periods, particularly over the one-year horizon where the stock's return stands at -21.15% against the Sensex's 9.48%. This divergence may be attributed to sector-specific challenges and evolving consumer dynamics impacting FMCG companies. However, the stock's 5-year return of 43.04% contrasts with the Sensex's 91.65%, indicating a more moderate growth trajectory over the medium term.
In summary, the technical parameter changes for Colgate-Palmolive (India) suggest a shift in price momentum with mixed signals from key indicators. The stock's current price action and technical evaluations point to a cautious market outlook, with investors advised to consider these factors alongside broader market trends and sector fundamentals when assessing potential investment decisions.
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