Share price of Pidilite Ind jumps as Sensex gains 338.85 points

Share price of

. gained 0.07 per cent to Rs 2595.15 at 12:33PM (IST) in Monday’s trade. The scrip hit a high of Rs 2606.4 and low of Rs 2572.25 so far during the session. The stock had closed at Rs 2593.3 in the previous session.

The counter had a total traded volume of 12:33PM shares so far with a turnover of Rs 2.08 crore on BSE. The stock traded at a price-to-earnings multiple of 101.62 and a price-to-book ratio of 19.49.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Pidilite Industries Ltd. belongs to the Diversified industry.

Promotor/FII Holding

Promoters held 69.94 per cent stake in the company as of 30-Jun-2022, while foreign investors and domestic institutional investors ownership stood at 11.13 per cent and 7.47 per cent, respectively.

Key Financials

The company reported consolidated net sales of Rs 3022.13 crore for the quarter ended 30-Sep-2022, down 2.88 per cent from the previous quarter’s Rs 3111.79 crore and down 14.46 per cent from the year-ago quarter’s Rs 2640.25 crore.

Its profit for the latest quarter stood at Rs 332.44 crore, down 11.27 per cent from the same quarter a year ago.

(What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Eid-ul-Fitr moon sighting highlights: Saudi Arabia, India may mark Eid same day

Eid-ul-Fitr 2022 moon sighting highlights: There is a wafer-thin chance that Muslims…

As Washington ramps up efforts to bring India on board with sanctions against Russia, U.S. treasury official on visit to Mumbai and Delhi

U.S. Assistant Secretary to discuss Russian oil purchases by India, rupee-rouble trade…

सड़क, रेल, 5G… अरुणाचल बॉर्डर से सटे तिब्‍बत में क्‍या-क्‍या गुल खिला रहा चीन, सेना ने सब बताया

Edited by दीपक वर्मा | भाषा | Updated: May 17, 2022, 1:08…

India Shelves ₹35,000 Cr Plan To Upgrade Su-30 Fighter Fleet Amid Russia-ukraine War | Mint

NEW DELHI : Several factors have shelved the Indian Air Force’s plan…