Pidilite Ind Stock Price: Pidilite Ind shares fall 2.71 per cent in Monday’s trading session

Shares of Pidilite Industries Ltd. fell 2.71 per cent to Rs 1868.6 in Monday’s trade as of 10:36AM (IST) even as the benchmark Nifty ruled at 14429.65, down 405.2 points.

The scrip had closed at Rs 1920.6 in the previous session. The stock quoted a 52-week low of Rs 1307.05 and a high of Rs 1927.95. The company quoted a market-cap of Rs 95066.17 crore on the BSE.

On BSE, 20,465 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 96.75 times its trailing 12-month EPS of Rs 19.34 per share and 15.47 times its book value. The return on equity (ROE) stood at Rs 25.11.

Key Financials

For the quarter ended 31-Dec-2020, Pidilite Industries Ltd. reported consolidated sales of Rs 2319.4 crore, up 17.95 per cent from the same quarter a year ago. The company reported 29.27 per cent YoY growth in net profit at Rs 441.83 crore for the latest quarter.

Technical indicators

The relative strength index (RSI) of the stock stood at Monday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.

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