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 14,330 shares changed hands on the counter till 01:49PM (IST).

Analysts see 15,900 to continue to pose as the immediate resistance.
Shares of Pidilite Industries Ltd. slipped 1.1 per cent to Rs 2424.6 in Wednesday's trade as of 01:49PM (IST).

The stock hit a high price of Rs 2471.7 and low of Rs 2411.05 during the session.

The return on equity (ROE) for the stock stood at 20.31 per cent. Traded volume on the counter stood at 01:49PM shares and turnover at Rs 3.48 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 1752.8, 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 overseas investors 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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