Pidilite Ind shares up 0.39% as Nifty drops

Pidilite Ind shares up 0.39% as Nifty drops
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Synopsis

A total of 4,165 shares changed hands on the counter till 10:56AM (IST).

Reuters
Nifty continues to climb a wall of worry as it looks to be in the final leg of its rally before heading for a correction.
NEW DELHI: Shares of . traded 0.39 per cent up in Wednesday's trade at 10:56AM (IST). Around 4,165 shares changed hands on the counter.

The counter opened at Rs 2577.45 and touched an intraday high and low of Rs 2600.0 and Rs 2577.45, respectively, in the session so far. The stock of Pidilite Industries Ltd. quoted a 52-week high of Rs 2916.85 and a 52-week low of Rs 1988.6.

Total market cap of the Pidilite Industries Ltd. stood at Rs 131598.6 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 3022.13 crore for the quarter ended 30-Sep-2022, down 2.88 per cent from previous quarter's Rs 3111.79 crore and down 14.46 per cent from the year-ago quarter's Rs 2640.25 crore.

The net profit for latest quarter stood at Rs 332.44 crore, down 11.27 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2022, domestic institutional investors held 3.97 per cent stake in the company, while foreign institutional investors held 11.13 per cent and the promoters 69.94 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 101.32 and a price-to-book ratio of 19.49. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Pidilite Industries Ltd. belongs to the Diversified industry.
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