Pidilite Ind shares gain 0.4% as Sensex rises

economictimes.indiatimes.com:

BSE benchmark Sensex gained 443.27 points to 66798.98. The scrip had settled at Rs 2607.65 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 2916.85 and Rs 2250.85, respectively. As per BSE data, total traded volume on the counter till 11:42AM (IST) stood at 11:42AM shares with turnover at Rs 135.0 crore.

At the current price, shares of the company trades at 104.48 times its trailing 12-month earnings per share of Rs 25.05 per share and 16.59 times its price-to-book value, the exchange data showed. A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.

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. The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.04.Shareholding Details Promoters held 69.92 per cent stake in the company as of 30-Jun-2023, while FIIs owned 11.34 per cent and DIIs 7.87 per cent.