Pidilite Ind rises 0.95% as Sensex climbs

The stock traded at a P/E multiple of 89.19, while the price-to-book value ratio stood at 16.59.

By ETMarkets.com | Oct 05, 2023, 11.31 AM IST

Agarwal said the global economy is showing clear signs of recovery. The second wave of Covid-19 is ebbing in India with total active cases at less than 20 per cent of May highs.

Shares of Pidilite Industries Ltd. traded at Rs 2431.2 on BSE at 11:31AM (IST) on Thursday, up 0.95 per cent from previous close.

The scrip quoted a 52-week low price of Rs 2250.85 and a high of Rs 2796.15.

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

A total of 5,493 lakh shares changed hands on the counter till 11:31AM (IST).

The stock of Pidilite Industries Ltd. commanded a market value of Rs 123779.54 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 89.19, while the price-to-book value ratio stood at 16.59. Return on equity (ROE) was at 17.76 per cent, according to exchange data.

In the BSE500 pack, 328 stocks traded in the green, while 173 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 69.38 per cent in Pidilite Industries Ltd. as of 30-Jun-2023 while foreign and domestic institutional investors owned 11.34 per cent and 3.88 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 2487.65 on October 05, while the 50-DMA was at 2526.0. 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.

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