Pidilite Ind Share Price: Share price of Pidilite Ind jumps as Sensex drops 385.94 points

The share price of . gained 2.19 per cent to Rs 2795.9 at 11:21AM (IST) in Thursday’s trade. The stock has hit a high of Rs 2803.05 and low of Rs 2721.05 so far during the session. The stock had closed at Rs 2735.95 in the previous session.

The counter has had a total traded volume of 8035 shares so far with a value of Rs 2.22 crore on the NSE. It traded at a price-to-earnings multiple of 103.7 and a price-to-book ratio of 19.49.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

Smart Talk

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 22.61 per cent during the past one year, while the 30-share index advanced 4.01 per cent during the same period.

Pidilite Industries Ltd. belongs to the Diversified industry.

Promotor/FII Holding

Promoters held 68.69 per cent stake in the company as of 30-Jun-2022, while foreign investors and domestic institutional investors ownership stood at 11.13 per cent and 3.97 per cent, respectively.

Key Financials

The company reported consolidated net sales of Rs 3111.79 crore for the quarter ended 30-Jun-2022, up 23.57 per cent from the previous quarter’s Rs 2518.21 crore and up 60.16 per cent from the year-ago quarter’s Rs 1942.91 crore.

Profit for the latest quarter stood at Rs 353.61 crore, up 60.68 per cent from the same quarter a year ago.

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