Share price of Pidilite Ind rises as Nifty weakens

Shares of Pidilite Industries Ltd. gained 0.48 per cent to Rs 2358.4 in Thursday's trade as of 11:12AM (IST).

The stock hit a high price of Rs 2367.45 and low of Rs 2340.05 during the session.

The return on equity (ROE) for the stock stood at 18.95 per cent. Traded volume on the counter stood at 11:12AM shares and turnover at Rs 0.43 crore around that time.

The stock of Pidilite Industries Ltd. quoted a 52-week high and 52-week low prices of Rs 2916.85 and Rs 1988.6, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 1.04.

Promotor/FII Holding
Promoters held 69.94 per cent stake in the company as of 31-Dec-2022, while overseas investors held 11.08 per cent and domestic institutional investors had 8.06 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.