AgenciesICICI Direct has sell call on Pidilite Industries with a target price of Rs 2251. The current market price of Pidilite Industries is Rs 2278. Time period given by analyst is Intra Day when Pidilite Industries price can reach defined target. ICICI Direct recommended to keep stop loss at Rs 2301.
Pidilite Industries, incorporated in the year 1969, is a Large Cap company (having a market cap of Rs 115447.27 Crore) operating in Diversified sector.
Pidilite Industries key Products/Revenue Segments include Chemical Product, Scrap, Export Incentives and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 3002.72 Crore, down -.64 % from last quarter Total Income of Rs 3022.13 Crore and up 5.14 % from last year same quarter Total Income of Rs 2855.89 Crore. Company has reported net profit after tax of Rs 306.14 Crore in latest quarter.
The company’s top management includes Mr.M B Parekh, Mr.B S Mehta, Mr.Rajeev Vasudeva, Mr.Piyush Pandey, Mr.Vinod Dasari, Mrs.Meera Shankar, Mr.Uday Khanna, Mr.Sanjeev Aga, Mr.Debabrata Gupta, Mr.A N Parekh, Mr.Sudhanshu Vats, Mr.Bharat Puri, Mr.A B Parekh, Mr.N K Parekh, Mr.Meher Pudumjee. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-12-2022, the company has a total of 51 Crore shares outstanding.
Breakdown below a bearish flag like formation as price reacts lower from the 20 days EMA signalling continuation of the corrective bias.
Promoter/FII Holdings
Promoters held 69.94 per cent stake in the company as of 31-Dec-2022, while FIIs owned 11.08 per cent, DIIs 8.06 per cent.
Pidilite Industries, incorporated in the year 1969, is a Large Cap company (having a market cap of Rs 115447.27 Crore) operating in Diversified sector.
Pidilite Industries key Products/Revenue Segments include Chemical Product, Scrap, Export Incentives and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 3002.72 Crore, down -.64 % from last quarter Total Income of Rs 3022.13 Crore and up 5.14 % from last year same quarter Total Income of Rs 2855.89 Crore. Company has reported net profit after tax of Rs 306.14 Crore in latest quarter.
The company’s top management includes Mr.M B Parekh, Mr.B S Mehta, Mr.Rajeev Vasudeva, Mr.Piyush Pandey, Mr.Vinod Dasari, Mrs.Meera Shankar, Mr.Uday Khanna, Mr.Sanjeev Aga, Mr.Debabrata Gupta, Mr.A N Parekh, Mr.Sudhanshu Vats, Mr.Bharat Puri, Mr.A B Parekh, Mr.N K Parekh, Mr.Meher Pudumjee. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-12-2022, the company has a total of 51 Crore shares outstanding.
Investment Rationale
Breakdown below a bearish flag like formation as price reacts lower from the 20 days EMA signalling continuation of the corrective bias.
Promoter/FII Holdings
Promoters held 69.94 per cent stake in the company as of 31-Dec-2022, while FIIs owned 11.08 per cent, DIIs 8.06 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
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