Pidilite Ind shares down 0.07% as Nifty drops
A total of 2,402 shares changed hands on the counter till 12:33PM (IST).
NEW DELHI: Shares of traded 0.07 per cent down in Friday's trade at 12:33PM (IST). Around 2,402 shares changed hands on the counter.The counter opened at Rs 2998.95 and touched an intraday high and low of Rs 3020.55 and Rs 2985.0, respectively, in the session so far. The stock of quoted a 52-week high of Rs 3073.2 and a 52-week low of Rs 2293.1.
As per , the total market cap of the . stood at Rs 152529.4 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 3166.97 crore for the quarter ended 31-Dec-2023, up 1.91 per cent from previous quarter's Rs 3107.63 crore and up 5.47 per cent from the year-ago quarter's Rs 3002.72 crore.
The net profit for latest quarter stood at Rs 510.48 crore, up 67.83 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Dec-2023, DIIs held 3.49 per cent stake in the firm, while foreign institutional investors held 11.49 per cent and the promoters 68.59 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 89.1 and a price-to-book ratio of 16.59. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
. belongs to the Diversified industry.
Source: Stocks-Markets-Economic Times
