Pidilite Ind Share Price: Pidilite Ind shares rise 1.43 per cent in Friday’s trading session

Shares of Pidilite Industries Ltd. rose 1.43 per cent to Rs 2469.55 in Friday’s trade as of 10:36AM (IST) even as the benchmark Nifty ruled at 17922.90, up 99.95 points.

The scrip had closed at Rs 2434.85 in the previous session. The stock quoted a 52-week low of Rs 1390.6 and a high of Rs 2477.0. The company quoted a market-cap of Rs 125694.28 crore on the BSE.

On BSE, 9,025 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 94.9 times its trailing 12-month EPS of Rs 26.07 per share and 16.45 times its book value. The return on equity (ROE) stood at Rs 20.31.

Key Financials

For the quarter ended 30-Jun-2021, Pidilite Industries Ltd. reported consolidated sales of Rs 1942.91 crore, down 116.4 per cent from the same quarter a year ago. The company reported 721.77 per cent YoY growth in net profit at Rs 220.07 crore for the latest quarter.

Technical indicators

The relative strength index (RSI) of the stock stood at Friday. 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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