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.

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