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    Share price of Pidilite Ind falls as Sensex drops 80.72 points

    Synopsis

    Promoters held 69.4 per cent stake in the company as of 31-Mar-2023, while FII and DII ownership stood at 10.61 per cent and 4.21 per cent, respectively.

    Brokers trade at computer terminals at stock brokerage firm in MumbaiReuters
    Investors should therefore use dips towards 15,200-15,400 to their advantage to accumulate quality largecaps and midcaps.
    The share price of Pidilite Industries Ltd. dropped 0.13 per cent to Rs 2548.25 at 10:30AM (IST) in Friday's trade. The scrip has hit a high of Rs 2573.85 and low of Rs 2540.05 so far during the session. The stock had closed at Rs 2551.45 in the previous session.

    The counter has had a total traded volume of 1935 shares so far with a value of Rs 0.5 crore on the NSE. It traded at a price-to-earnings multiple of 101.68 and a price-to-book ratio of 16.59.

    A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

    The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

    The scrip gained 20.31 per cent during the past one year, while the 30-share index advanced 12.9 per cent during the same period.

    Pidilite Industries Ltd. belongs to the Diversified industry.

    Promotor/FII Holding
    Promoters held 69.4 per cent stake in the company as of 31-Mar-2023, while FIIs and domestic institutional investors ownership stood at 10.61 per cent and 4.21 per cent, respectively.

    Key Financials
    The company reported consolidated sales of Rs 2712.07 crore for the quarter ended 31-Mar-2023, down 9.68 per cent from the previous quarter's Rs 3002.72 crore and down 7.7 per cent from the year-ago quarter's Rs 2518.21 crore.

    Profit for the latest quarter stood at Rs 283.03 crore, up 11.28 per cent from the same quarter a year ago.
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