Pidilite Ind Share Price: Shares of Pidilite Ind rise as Nifty drops

Shares of Pidilite Industries Ltd. gained 0.52 per cent to Rs 2352.85 in Tuesday’s trade as of 11:12AM (IST). It hit a high of Rs 2355.0 and low of Rs 2333.1 during the session.

The stock quoted a 52-week high price of Rs 2362.25 and a low of Rs 1390.6. The return on equity for the stock stood at 20.31 per cent. About 61,187 shares have changed hands on the counter so far.

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

The scrip has been an outperformer, up 63.27 per cent in the past one year in comparison with a 49.45 per cent gain in Sensex.

Technicals

On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 1390.6 on September 07, while the 50-DMA was at Rs 2254.86. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding

Promoters held 69.49 per cent stake in Pidilite Industries Ltd. as of 30-Jun-2021. Mutual funds and foreign institutional investors held 3.84 per cent and 12.08 per cent stake.

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