Share price of Pidilite Ind jumps as Sensex gains 125.68 points

Share price of Pidilite Ind jumps as Sensex gains 125.68 points
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Synopsis

Promoters held 68.69 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 11.13 per cent and 3.97 per cent, respectively.

Reuters
Investors should therefore use dips towards 15,200-15,400 to their advantage to accumulate quality largecaps and midcaps.
The share price of . gained 0.8 per cent to Rs 2542.1 at 10:56AM (IST) in Thursday's trade. The scrip has hit a high of Rs 2559.0 and low of Rs 2525.0 so far during the session. The stock had closed at Rs 2521.95 in the previous session.

The counter has had a total traded volume of 4774 shares so far with a value of Rs 1.21 crore on the NSE. It traded at a price-to-earnings multiple of 107.02 and a price-to-book ratio of 19.49.

A higher P/E ratio shows 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 reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 12.28 per cent during the past one year, while the 30-share index advanced 10.43 per cent during the same period.

Pidilite Industries Ltd. belongs to the Diversified industry.

Promotor/FII Holding
Promoters held 68.69 per cent stake in the company as of 30-Jun-2022, while overseas investors and domestic institutional investors ownership stood at 11.13 per cent and 3.97 per cent, respectively.

Key Financials
The company reported consolidated net sales of Rs 2518.21 crore for the quarter ended 31-Mar-2022, down 11.82 per cent from the previous quarter's Rs 2855.89 crore and down 11.78 per cent from the year-ago quarter's Rs 2252.85 crore.

Profit for the latest quarter stood at Rs 254.35 crore, down 16.93 per cent from the same quarter a year ago.
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