Pidilite Ind shares drop 1.04% as Sensex falls
Pidilite Industries Ltd. traded 1.04 per cent lower in Monday's session at 01:19PM (IST). The stock opened at Rs 2502.05 and has touched an intraday high and low of Rs 2521.3 and Rs 2477.0, respectively, during the session so far.
The stock quoted a 52-week high of Rs 2796.15 and a 52-week low of 2250.85. About 3,780 shares changed hands on the counter so far.
Benchmark Nifty50 was down 24.1 points at 19707.7, while the BSE Sensex traded 107.4 points lower at 65687.33 at the time of writing of this report.
In the Nifty pack, 25 stocks traded the day in the green, while 25 were in the red.
Key Financials For the quarter ended 30-Sep-2023, the company reported consolidated sales of Rs 3107.63 crore, down 5.79 per cent from the previous quarter's Rs 3298.54 crore and down 2.83 per cent from the year-ago quarter. The company reported net profit of Rs 450.15 crore for the latest quarter.
Promoter Holdings Promoters held 69.86 per cent stake in the company as of 30-Sep-2023, while FIIs held 11.44 per cent and MFs 3.57 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 2475.36 on November 20, while the 50-DMA was at Rs 2445.36. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward.
