Pidilite Ind Share Price: Pidilite Ind shares up 0.97% as Sensex rises

Shares of Pidilite Industries Ltd. gained 0.97 per cent to Rs 3050.55 in Tuesday’s session as of 12:48PM (IST) even as the equity benchmark Sensex traded 300.31 points higher at 74971.59.

Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 3073.2 and a 52-week low of Rs 2293.1 on NSE. Around 10642 shares changed hands on the counter till 12:48PM (IST).

The stock opened at Rs 3023.0 and has touched an intraday high and low of Rs 3058.85 and Rs 3012.05 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 86.7, earnings per share (EPS) of Rs 33.66 and price to book value (PB) of 16.59, while the return on equity (ROE) stood at Rs 17.76.

Promoter/ FII Holding
The promoters held 69.77 per cent stake in the company as of April 30, while FII and MF ownerships stood at 11.31 per cent and 3.6 per cent, respectively.

Key Financials
With a market capitalisation of Rs 153658.51 crore, the company operates in the Diversified industry. For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 3166.97 crore, up 1.91 per cent from the previous quarter?s Rs 3107.63 crore and up 5.47 per cent from the same quarter a year ago. The company reported net profit of Rs 510.48 crore for the latest quarter, up 67.83 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 63.11. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition 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.