Pidilite Ind shares rise 1.54% as Nifty gains
Pidilite Industries Ltd. traded 1.54 per cent up at Rs 2867.25 on Thursday at around 12:43PM (IST), while the benchmark BSE Sensex advanced 488.0 points to 73249.89.
As many as 10,246 shares changed hands on the counter with a total value of Rs 2.89 crore.
The stock quoted a 52-week high price of Rs 2961.1 and a 52-week low of Rs 2279.1.
On the technical charts, the 200-DMA of the stock stood at Rs 2587.1, while 50-DMA was at Rs 2698.9. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.
Shares of the company have advanced 24.56 per cent in the past one year, while Sensex has risen 25.72 per cent during the same period.
According to BSE data, the stock trades at a price-to-earnings multiple of 85.07 and a price-to-book ratio of 16.59. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price to book value indicates the inherent value of a company and reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the Diversified industry.
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