Pidilite Ind shares fall 1.77 per cent in Wednesday's trading session

Shares of Pidilite Industries Ltd. fell 1.77 per cent to Rs 2290.0 in Wednesday's trade as of 01:01PM (IST) even as the benchmark Nifty ruled at 17617.0, down 209.7 points.

The scrip had closed at Rs 2331.25 in the previous session. The stock quoted a 52-week low of Rs 1988.6 and a high of Rs 2916.85. The company quoted a market-cap of Rs 116463.89 crore on the BSE.

On BSE, 7,260 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 93.58 times its trailing 12-month EPS of Rs 24.48 per share and 19.49 times its book value. The return on equity (ROE) stood at Rs 18.95.

Key Financials
For the quarter ended 31-Dec-2022, Pidilite Industries Ltd. reported consolidated sales of Rs 3002.72 crore, down 5.14 per cent from the same quarter a year ago. The company reported 15.15 per cent YoY de-growth in net profit at Rs 304.17 crore for the latest quarter.

Technical indicators
The relative strength index (RSI) of the stock stood at Wednesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold 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.