Pidilite Ind Share Price: Pidilite Ind stock price up 0.02 per cent as Sensex climbs

Shares of Pidilite Industries Ltd. rose 0.02 per cent to Rs 2428.3 at 12:35PM hours (IST) on Wednesday. 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 11,157 shares with a turnover of Rs 2.71 crore till 12:35PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 93.03, while the price-to-book value ratio stood at 16.45.

Return on equity (ROE) was at 20.31 per cent, according to exchange data. The stock hit an intraday high of Rs 2470.85 and a low of Rs 2421.6 during the session and quoted a 52-week high price of Rs 2470.85 and a 52-week low of Rs 1390.6.

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 1961.41 on September 22, while the 50-DMA was at Rs 2288.5. 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 67.89. 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 30-Jun-2021, promoters held 70.13 per cent stake in the company, while FIIs held 12.08 per cent and domestic institutional investors had 7.16 per cent.

Source Link