Pidilite Ind Share Price: Pidilite Ind stock price down 1.45 per cent as Sensex climbs

Shares of Pidilite Industries Ltd. fell 1.45 per cent to Rs 1853.0 at 01:29PM hours (IST) on Thursday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 9,285 shares with a turnover of Rs 1.73 crore till 01:29PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 95.68, while the price-to-book value ratio stood at 15.47.

Return on equity (ROE) was at 25.11 per cent, according to exchange data. The stock hit an intraday high of Rs 1898.25 and a low of Rs 1850.0 during the session and quoted a 52-week high price of Rs 1927.95 and a 52-week low of Rs 1307.05.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 1.04.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 1607.45 on April 29, while the 50-DMA was at Rs 1781.03. If a stock trades above 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 a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 56.15. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 31-Mar-2021, promoters held 70.16 per cent stake in the company, while FIIs held 11.88 per cent and domestic institutional investors had 7.58 per cent.

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