Colgate Palmolive (India) gains on commencing commercial production in Gujarat

Colgate Palmolive (India) is currently trading at Rs. 1383.55, up by 21.30 points or 1.56% from its previous closing of Rs. 1362.25 on the BSE. The scrip opened at Rs. 1374.90 and has touched a high and low of Rs. 1393.00 and Rs. 1371.10 respectively. So far 2,290 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1522.95 on 18-Jul-2013 and a 52 week low of Rs. 1190.05 on 28-Aug-2012. Last one week high and low of the scrip stood at Rs. 1405.00 and Rs. 1327.50 respectively. The current market cap of the company is Rs. 18,815.00 crore. The promoters holding in the company stood at 51.00% while Institutions and Non-Institutions held 26.95% and 22.05% respectively. Colgate Palmolive (India) has commenced commercial production of toothpaste on May 21, 2014 at its new manufacturing facility set up at Sanand in state of Gujarat. In the month of March 2014 the new manufacturing facility was commissioned and fully tested. The company intends to manufacture 15,000 MTs toothpaste from this manufacturing facility in the initial phase. 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.