The return on equity (ROE) for the stock stood at 20.31 per cent. Traded volume on the counter stood at 01:00PM shares and turnover at Rs 37.35 crore around that time. The stock of Pidilite Industries Ltd. quoted a 52-week high price of Rs 2477.9 and 52-week low prices of Rs 1450.0, respectively.
The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 1.04.
Promotor/FII Holding
Promoters held 69.49 per cent stake in the company as of 30-Jun-2021, while FIIs held 12.08 per cent and domestic institutional investors had 3.84 per cent.
Key Financials
The company reported consolidated sales of Rs 1942.91 crore for the quarter ended 30-Jun-2021, down 13.76 per cent from previous quarter’s Rs 2252.85 crore and down 116.4 per cent from the year-ago quarter’s Rs 897.84 crore. Net profit after tax for the latest quarter stood at Rs 220.07 crore, up 721.77 per cent from the same quarter a year ago.
Technicals
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 topof 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.
