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Pidilite Ind shares down 0.42% as Sensex falls

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Shares of Pidilite Industries Ltd. chop down 0.42 percent to Rs 2458.5 in Wednesday’s session as associated with 11:48AM (IST) even as the particular equity benchmark Sensex traded 92.51 points lower with 61623.54.

Earlier in the particular day, the stock witnessed a spot up start to the particular session. The inventory quoted a 52-week high price of Rs 2531.9 plus a 52-week low associated with Rs 1465.zero on NSE. All-around 146959 shares altered on the counter until finally 11:48AM (IST).

The stock popped at Rs 2472.0 and has used an intraday low and high of Rs 2479.45 and Rs 2437.75 throughout the session so far. The particular counter quoted some sort of price-to-earnings (PE) percentage of 94.24, earnings per discuss (EPS) of Rs 26.07 together with price to publication value (PB) associated with 16.45, as the return on money (ROE) stood with Rs 20.31.

Promoter/ FII Holding
The causes held 69.99 per cent stake from the company as associated with October 20, even though FII and MF ownerships stood with 11.78 percent and 4.29 per cent, respectively.

Key Financials
With a market capitalisation of Rs 124825.34 crore, the particular company operates in the Diversified industry. For that quarter ended 30-Jun-2021, the company reported combined sales of Rs 1942.91 crore, down 13.76 per cent from the past quarter?s Rs 2252.85 crore and down 116.4 per cent from same quarter last year. The company reported net profit of Rs 220.07 crore for the latest quarter, up 721.77 per cent from the corresponding quarter this past year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 57.41. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should maybe not be seen in isolation, as it may not be sufficient to take a trading call, just the way significant analyst cannot offer a “buy” or “sell” recommendation using a single valuation ratio.

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