Shares of Pidilite Ind fall as Nifty gains
Pidilite Industries Ltd. slipped 0.29 per cent to Rs 2609.1 in Monday's trade as of 12:18PM (IST). It hit a high of Rs 2626.9 and low of Rs 2605.05 during the session.
The stock quoted a 52-week high price of Rs 2916.85 and a low of Rs 2250.85. The return on equity for the stock stood at 17.76 per cent. About 8,536 shares have changed hands on the counter so far.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.04. The scrip has been an underperformer, up 6.48 per cent in the past one year in comparison with a 18.87 per cent gain in Sensex.Technicals On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 2250.85 on July 31, while the 50-DMA was at Rs 2624.67. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward.
On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.Promoter/FII Holding Promoters held 69.38 per cent stake in Pidilite Industries Ltd. as of 30-Jun-2023. Mutual funds and foreign institutional investors held 3.88 per cent and 11.34 per cent stake.
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