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The record date for the dividend payout has been fixed as March 25.

While bitcoin danced above $42,500 following the news, it has since given up those gains and is now back at around $38,000. Similarly ether has slunk back down to straddle $2,500.

Out of 60 stocks on the BSE IPO Index, 18 stocks have dropped between 40 per cent and 65 per cent from their highs since listing.

Promoters held 54.8 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 24.85 per cent and 11.41 per cent, respectively.

Colgate-Palmolive (India) Ltd., incorporated in the year 1937, is a Large Cap company (having a market cap of Rs 41615.16 Crore) operating in FMCG sector.

A total of 24,920 shares changed hands on the counter till 12:38PM (IST)

"With inflation above 6 per cent, the current account deficit at nearly 4 per cent of GDP, extreme fiscal stress and an uneven growth recovery, we project a sharp rise in macro vulnerabilities," said Nomura India in a note.

As of 31-Dec-2021, promoters held 39.99 per cent stake in the company, while FIIs held 34.6 per cent and domestic institutional investors had 1.88 per cent.

The Relative Strength Index of the stock stood at 48.94 on Tuesday.

“Decline in oil prices is a positive and food and are the two big inflation components that are driven by the Russia-Ukraine conflict. One can make distinction between countries that are affected directly and indirectly. There are parts of the world like Europe which imports a lot of energy and wheat etc from Russia and they are directly impacted. The rest of the world is indirectly impacted.”