Pidilite Ind shares up 0.86% as Sensex rises

Pidilite Ind shares up 0.86% as Sensex rises
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Synopsis

A total of 5,329 shares changed hands on the counter till 11:42AM (IST)

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Shares of Pidilite Industries Ltd. gained 0.86 per cent to Rs 2403.75 in Wednesday's session as of 11:42AM (IST) even as the equity benchmark Sensex traded 335.29 points higher at 57635.97.

Earlier in the day, the stock witnessed a start to the session. The stock quoted a 52-week high price of Rs 2764.6 and a 52-week low of Rs 1666.7 on NSE. Around 5329 shares changed hands on the counter till 11:42AM (IST).

The stock opened at Rs 2383.15 and has touched an intraday high and low of Rs 2422.15 and Rs 2383.15 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 97.02, earnings per share (EPS) of Rs 24.78 and price to book value (PB) of 16.45, while the return on equity (ROE) stood at Rs 20.31.

Promoter/ FII Holding
The promoters held 69.98 per cent stake in the company as of February 23, while FII and MF ownerships stood at 11.66 per cent and 4.42 per cent, respectively.

Key Financials
With a market capitalisation of Rs 122184.21 crore, the company operates in the Diversified industry. For the quarter ended 31-Dec-2021, the company reported consolidated sales of Rs 2855.89 crore, up 8.17 per cent from the previous quarter?s Rs 2640.25 crore and up 23.13 per cent from the same quarter a year ago. The company reported net profit of Rs 358.49 crore for the latest quarter, down 18.86 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 41.15. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.

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