Share price of Pidilite Ind falls as Nifty strengthens

Share price of Pidilite Ind falls as Nifty strengthens
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Synopsis

A total of 12,015 shares changed hands on the counter till 01:36PM (IST).

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Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
Shares of Pidilite Industries Ltd. slipped 1.7 per cent to Rs 2300.7 in Wednesday's trade as of 01:36PM (IST).

The stock hit a high price of Rs 2355.65 and low of Rs 2295.15 during the session.

The return on equity (ROE) for the stock stood at 20.31 per cent. Traded volume on the counter stood at 01:36PM shares and turnover at Rs 2.77 crore around that time.

The stock of Pidilite Industries Ltd. quoted a 52-week high and 52-week low prices of Rs 2531.9 and Rs 1501.6, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 1.04.

Promotor/FII Holding
Promoters held 69.99 per cent stake in the company as of 30-Sep-2021, while foreign investors held 11.78 per cent and domestic institutional investors had 7.3 per cent.

Key Financials
The company reported consolidated sales of Rs 2640.25 crore for the quarter ended 30-Sep-2021, up 35.89 per cent from previous quarter's Rs 1942.91 crore and up 38.81 per cent from the year-ago quarter's Rs 1902.02 crore.

Net profit after tax for the latest quarter stood at Rs 374.65 crore, up 5.11 per cent from the same quarter a year ago.

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