Pidilite Ind declines 0.04% as Sensex climbs

Shares of Pidilite Industries Ltd. traded at Rs 2326.8 on BSE at 12:51PM (IST) on Wednesday, down 0.04 per cent from previous close.

The stock quoted a 52-week low price of Rs 1988.6 and a high of Rs 2916.85.

Earlier, shares of the company saw a gap down opening in the morning.

A total of 9,573 lakh shares changed hands on the counter till 12:51PM (IST).

The stock of Pidilite Industries Ltd. commanded a market value of Rs 118324.3 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 95.07, while the price-to-book value ratio stood at 19.49. Return on equity (ROE) was at 18.95 per cent, according to exchange data.

In the BSE500 pack, 320 stocks traded in the green, while 181 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 1.04.

Promotor/FII Holding
Promoters held 69.4 per cent in Pidilite Industries Ltd. as of 31-Dec-2022 while foreign portfolio investors and domestic institutional investors owned 11.08 per cent and 4.08 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 2508.88 on April 05, while the 50-DMA was at 2325.18. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.