Share price of Pidilite Ind jumps as Sensex gains 28.85 points

Share price of Pidilite Ind jumps as Sensex gains 28.85 points
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Synopsis

A total of 11,716 shares changed hands on the counter till 12:57PM (IST)

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Nifty on Wednesday halted a falling spree and formed a bullish candle on the daily chart.

INSIGHTS

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Share price of Ltd. gained 3.14 per cent to Rs 1854.75 at 12:57PM (IST) in Tuesday's trade. The stock hit a high of Rs 1854.75 and low of Rs 1791.0 so far during the session. The stock had closed at Rs 1798.2 in the previous session.

The counter had a total traded volume of 12:57PM shares so far with a turnover of Rs 2.13 crore on BSE. The stock traded at a price-to-earnings multiple of 94.71 and a price-to-book ratio of 15.47.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Pidilite Industries Ltd. belongs to the Diversified industry.

Promotor/FII Holding
Promoters held 70.19 per cent stake in the company as of 31-Dec-2020, while FIIs and domestic institutional investors ownership stood at 11.39 per cent and 8.25 per cent, respectively.

Key Financials
The firm reported consolidated sales of Rs 2319.4 crore for the quarter ended 31-Dec-2020, up 21.94 per cent from the previous quarter's Rs 1902.02 crore and up 17.95 per cent from the year-ago quarter's Rs 1966.42 crore.

Its profit for the latest quarter stood at Rs 441.83 crore, up 29.27 per cent from the same quarter a year ago.

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