Shares of Pidilite Ind rise as Nifty gains

economictimes.indiatimes.com:

Pidilite Industries Ltd. gained 0.11 per cent to Rs 3115.5 in Thursday's trade as of 12:08PM (IST). It hit a high of Rs 3130.95 and low of Rs 3097.7 during the session.
The stock quoted a 52-week high price of Rs 3232.3 and a low of Rs 2293.1. The return on equity for the stock stood at 20.56 per cent. About 1,834 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 19.21 per cent in the past one year in comparison with a 27.99 per cent gain in Sensex.
Technicals On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 2293.1 on July 04, while the 50-DMA was at Rs 3040.59. 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 68.58 per cent stake in Pidilite Industries Ltd. as of 31-Mar-2024. Mutual funds and foreign institutional investors held 3.6 per cent and 11.31 per cent stake.