Pidilite Ind Stock Price: Pidilite Ind share price down 2.71 per cent

Shares of Pidilite Industries Ltd. traded 2.71 per cent up at Rs 1798.95 at around 01:58PM (IST) on Tuesday. The stock had closed at Rs 1849.1 in the previous session. Equity benchmark Sensex traded 367.52 points higher at 48250.9 around the same time.

The scrip has climbed 30.69 per cent in the last one year till date, while the 30-share index has gained 74.88 per cent during the same period.

The stock’s 52-week high price stood at Rs 1927.95 and the 52-week low price at Rs 1307.05.

Trading volume on the counter stood at 17,415 shares, while it quoted a price-to-earnings ratio of 93.09, an EPS value of 19.34 and a price-to-book value of 15.47. In the Nifty50 pack, 37 stocks traded in the green, while 13 stocks were in the red.

Promoter/FII Holding
Promoters held 70.19 per cent stake in the company as of 31-Dec-2020, while foreign institutional investors and mutual funds’ ownership stood at 11.39 per cent and 4.21 per cent, respectively.

Key Financials
For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 2319.4 crore, up 21.94 per cent from the previous quarter’s Rs 1902.02 crore and up 17.95 per cent from the year-ago quarter’s Rs 1966.42 crore. The company reported net profit of Rs 441.83 crore for the latest quarter.

Technical Indicators

The MACD signalled a bullish 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.

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