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    Shares of Pidilite Ind rise as Nifty drops

    Synopsis

    On the technical charts, the 200-day moving average of the stock stood at Rs 1712.76.

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    According to the figures updated at 5.45 pm, the number of active COVID-19 cases is at 470.
    Shares of Pidilite Industries Ltd. gained 0.15 per cent to Rs 2130.9 in Friday's trade as of 10:15AM (IST). It hit a high of Rs 2155.9 and low of Rs 2125.0 during the session.

    The stock quoted a 52-week high price of Rs 2159.8 and a low of Rs 1307.05. The return on equity for the stock stood at 20.22 per cent. About 8,139 shares have changed hands on the counter so far.

    The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.04.

    The scrip has been an underperformer, up 53.2 per cent in the past one year in comparison with a 54.31 per cent gain in Sensex.

    Technicals
    On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 1307.05 on June 18, while the 50-DMA was at Rs 1947.32. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

    Promoter/FII Holding
    Promoters held 70.16 per cent stake in Pidilite Industries Ltd. as of 31-Mar-2021. Mutual funds and foreign institutional investors held 3.92 per cent and 11.88 per cent stake.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

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