Pidilite Ind share price up 0.2 per cent

Shares of Pidilite Industries Ltd. traded 0.2 per cent up at Rs 2496.0 at around 12:12PM (IST) on Wednesday. The stock had closed at Rs 2491.0 in the previous session. Equity benchmark Sensex traded 89.76 points lower at 65690.5 around the same time.


The scrip has declined 11.36 per cent in the last one year till date, while the 30-share index has gained 10.88 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 2250.85.

Trading volume on the counter stood at 3,162 shares, while it quoted a price-to-earnings ratio of 91.34, an EPS value of 27.3 and a price-to-book value of 16.59. In the Nifty50 pack, 22 stocks traded in the green, while 28 stocks were in the red.

Promoter/FII Holding
Promoters held 69.92 per cent stake in the company as of 30-Jun-2023, while foreign institutional investors and mutual funds' ownership stood at 11.34 per cent and 3.88 per cent, respectively.

Key Financials
For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 3298.54 crore, up 21.62 per cent from the previous quarter's Rs 2712.07 crore and up 6.0 per cent from the year-ago quarter's Rs 3111.79 crore. The company reported net profit of Rs 468.16 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.