Pidilite Ind share price up 0.49 per cent

Shares of Pidilite Industries Ltd. traded 0.49 per cent up at Rs 2333.65 at around 10:25AM (IST) on Thursday. The stock had closed at Rs 2322.25 in the previous session. Equity benchmark Sensex traded 111.28 points higher at 59800.59 around the same time.


The scrip has declined 7.72 per cent in the last one year till date, while the 30-share index has slipped -1.33 per cent during the same period.

The stock's 52-week high price stood at Rs 2916.85 and the 52-week low price at Rs 1988.6.

Trading volume on the counter stood at 2,321 shares, while it quoted a price-to-earnings ratio of 95.25, an EPS value of 24.48 and a price-to-book value of 19.49. In the Nifty50 pack, 29 stocks traded in the green, while 21 stocks were in the red.

Promoter/FII Holding
Promoters held 69.94 per cent stake in the company as of 31-Dec-2022, while foreign institutional investors and MF ownership stood at 11.08 per cent and 4.08 per cent, respectively.

Key Financials
For the quarter ended 31-Dec-2022, the company reported consolidated sales of Rs 3002.72 crore, down 0.64 per cent from the previous quarter's Rs 3022.13 crore and down 5.14 per cent from the year-ago quarter's Rs 2855.89 crore. The company reported net profit of Rs 304.17 crore for the latest quarter.

Technical Indicators
The MACD signalled a bearish 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 top of 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.