Pidilite Ind shares rise 1.59 per cent in Thursday's trading session
Pidilite Industries Ltd. rose 1.59 per cent to Rs 2616.55 in Thursday's trade as of 10:10AM (IST) even as the benchmark Nifty ruled at 20870.9, down 66.8 points.
The scrip had closed at Rs 2575.4 in the previous session.
The stock quoted a 52-week low of Rs 2250.85 and a high of Rs 2796.15. The company quoted a market-cap of Rs 133090.17 crore on the BSE.
On BSE, 4,717 shares have changed hands on the counter so far.
At its prevailing price, the stock traded at 88.4 times its trailing 12-month EPS of Rs 29.61 per share and 16.59 times its book value. The return on equity (ROE) stood at Rs 17.76.
Key Financials For the quarter ended 30-Sep-2023, Pidilite Industries Ltd.
reported consolidated sales of Rs 3107.63 crore, down 2.83 per cent from the same quarter a year ago. The company reported 35.41 per cent YoY growth in net profit at Rs 450.15 crore for the latest quarter.
Technical indicators The relative strength index (RSI) of the stock stood at Thursday.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold 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.
