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Promoters held 50.05 per cent stake in the company as of 30-Jun-2021, while FII and DII ownership stood at 13.57 per cent and 8.46 per cent, respectively.

Infosys, HDFC, ICICI Bank, Eicher Motors and IndusInd Bank were among the top losers on NSE.

The Relative Strength Index of the stock stood at 23.33 on Friday.

Colgate-Palmolive (India) Ltd., incorporated in the year 1937, is a Large Cap company (having a market cap of Rs 45095.22 Crore) operating in FMCG sector.

The Nifty Auto index was trading 0.43 per cent up at 9805.45.

A resolution published in the Official Gazette on Thursday said the Central Bank will set rules for such currencies and determine how to license providers of related services within Cuba.

In the Nifty pack, 32 stocks were trading in the green, while 18 stocks were trading in the red.

On the technical charts, the RSI of the stock stood at 63.19.

“From trading at around 15-16 forward PE, the largecaps have moved to 25-30. But I would not be surprised if that re-rating keeps happening because the companies are giving that kind of performance with reasonable certainty.”

"The 16,600 level, followed by 16,500, would act as immediate support for Nifty50. The 16,700 level remains to be the level to watch out for. The direction is likely to be dictated by the banking space," said Sameet Chavan of Angel Broking.