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    Pidilite Ind shares up 0.06% as Nifty drops

    Synopsis

    A total of 9,150 shares changed hands on the counter till 12:53PM (IST).

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    Sensex and Nifty shed more than 9 per cent last week, and the indices entered bear market territory, and the bottom is not yet in sight.
    NEW DELHI: Shares of Pidilite Industries Ltd. traded 0.06 per cent up in Friday's trade at 12:53PM (IST). Around 9,150 shares changed hands on the counter.

    The counter opened at Rs 1900.0 and touched an intraday high and low of Rs 1918.0 and Rs 1893.45, respectively, in the session so far. The stock of Pidilite Industries Ltd. quoted a 52-week high of Rs 1923.8 and a 52-week low of Rs 1289.85.

    As per BSE, the total market cap of the Pidilite Industries Ltd. stood at Rs 96816.73 crore at the time of writing this report.

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

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

    Shareholding pattern
    As of 31-Dec-2020, DIIs held 4.21 per cent stake in the company, while foreign institutional investors held 11.39 per cent and the promoters 70.19 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a P/E multiple of 98.54 and a price-to-book ratio of 15.47. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.
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