Share price of Pidilite Ind falls as Nifty weakens

Share price of Pidilite Ind falls as Nifty weakens
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Synopsis

A total of 16,682 shares changed hands on the counter till 01:14PM (IST).

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India 10-year bond yield jumped 0.38 per cent to 6.03 after trading in 6.01 - 6.04 range.
Shares of Pidilite Industries Ltd. slipped 0.95 per cent to Rs 2413.95 in Tuesday's trade as of 01:14PM (IST).

The stock hit a high price of Rs 2445.2 and low of Rs 2402.8 during the session.

The return on equity (ROE) for the stock stood at 20.31 per cent. Traded volume on the counter stood at 01:14PM shares and turnover at Rs 4.03 crore around that time.

The stock of Pidilite Industries Ltd. quoted a 52-week high and 52-week low prices of Rs 2764.6 and Rs 1666.7, 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 69.98 per cent stake in the company as of 31-Dec-2021, while FIIs held 11.66 per cent and domestic institutional investors had 7.49 per cent.

Key Financials
The company reported consolidated sales of Rs 2855.89 crore for the quarter ended 31-Dec-2021, up 8.17 per cent from previous quarter's Rs 2640.25 crore and up 23.13 per cent from the year-ago quarter's Rs 2319.4 crore.

Net profit after tax for the latest quarter stood at Rs 358.49 crore, down 18.86 per cent from the same quarter a year ago.

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