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    Pidilite Ind shares up 1.21% as Nifty gains

    Synopsis

    The stock quoted a 52-week high price of Rs 2531.9 and low of Rs 1501.6.

    Agencies
    India 10-year bond yield rose 0.37 per cent to 6 after trading in 5.99-6.01 range.
    Shares of Pidilite Industries Ltd. rose 1.21 per cent to Rs 2341.55 in Monday's trade. It hit an intraday high of Rs 2357.55 and low of Rs 2326.05, respectively, during the day.

    The stock quoted a 52-week high price of Rs 2531.9 and low of Rs 1501.6.

    As of 10:56AM (IST), the counter saw total traded volume of 3,949 shares with a traded value of Rs 0.92 crore, according to NSE.

    The stock had closed at Rs 2313.65 in the previous session.

    The scrip has declined -1.69 per cent in the past one month till date, while the benchmark BSE Sensex has gained 2.08 per cent during the same period.

    According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 89.24 while price-to-book ratio stood at 16.45. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

    The stock belongs to the Diversified industry.

    Promoter/FII Holding
    Promoters held 69.44 per cent stake in the company as of 30-Sep-2021, while FII and MF ownership in the firm stood at 11.78 per cent and 4.29 per cent, respectively.

    Key Financials
    The company reported consolidated sales of Rs 1942.91 crore for the quarter ended 30-Jun-2021, down 13.76 per cent from the previous quarter's Rs 2252.85 crore and down 116.4 per cent from the year-ago quarter's Rs 897.84 crore. Its net profit for the latest quarter stood at Rs 220.07 crore, up 721.77 per cent from the same quarter a year ago.

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