The return on equity (ROE) for the stock stood at 18.95 per cent. Traded volume on the counter stood at 10:36AM shares and turnover at Rs 0.69 crore around that time. The stock of Pidilite Industries Ltd. quoted a 52-week high price of Rs 2916.85 and 52-week low prices of Rs 1988.6, respectively.
The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.04.
Promotor/FII Holding
Promoters held 69.4 per cent stake in the company as of 31-Dec-2022, while FIIs held 11.08 per cent and domestic institutional investors had 4.08 per cent.
Key Financials
The company reported consolidated sales of Rs 3002.72 crore for the quarter ended 31-Dec-2022, down 0.64 per cent from previous quarter's Rs 3022.13 crore and down 5.14 per cent from the year-ago quarter's Rs 2855.89 crore. Net profit after tax for the latest quarter stood at Rs 304.17 crore, down 15.15 per cent from the same quarter a year ago.
Technicals
The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.
It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
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