Shares of Pidilite Industries Ltd. traded 0.3 per cent higher in Thursday’s session at 11:27AM (IST). The stock opened at Rs 2417.6 and has touched an intraday high and low of Rs 2452.95 and Rs 2410.95, respectively, during the session so far.
The stock quoted a 52-week high of Rs 2764.6 and a 52-week low of 1666.7. About 4,629 shares changed hands on the counter so far.
Benchmark Nifty50 was up 52.7 points at 17374.90, while the BSE Sensex traded 115.83 points higher at 58112.51 at the time of writing of this report.
In the Nifty pack, 31 stocks traded the day in the green, while 19 were in the red.
Key Financials
For the quarter ended 31-Dec-2021, the company reported consolidated sales of Rs 2855.89 crore, up 8.17 per cent from the previous quarter’s Rs 2640.25 crore and up 23.13 per cent from the year-ago quarter. The company reported net profit of Rs 358.49 crore for the latest quarter.
Promoter Holdings
Promoters held 69.98 per cent stake in the company as of 31-Dec-2021, while FIIs held 11.66 per cent and MFs 4.42 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 2310.2 on February 17, while the 50-DMA was at Rs 2510.34. If a stock trades 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 as bearish trend and if trades between these averages, then it suggests the stock can go either way.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
