Pidilite Ind shares drop 2.34% as Sensex falls
The stock quoted a 52-week high of Rs 3073.2 and a 52-week low of Rs 2293.1.
Shares of traded 2.34 per cent lower in Monday's session at 01:39PM (IST). The stock opened at Rs 2925.6 and has touched an intraday high and low of Rs 2949.8 and Rs 2903.85, respectively, during the session so far.The stock quoted a 52-week high of Rs 3073.2 and a 52-week low of 2293.1. About 5,202 shares changed hands on the counter so far.
Benchmark Nifty50 was down 186.81 points at 22332.6, while the BSE traded 630.23 points lower at 73614.67 at the time of writing of this report.
In the pack, 7 stocks traded the day in the green, while 43 were in the red.
Key Financials
For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 3166.97 crore, up 1.91 per cent from the previous quarter's Rs 3107.63 crore and up 5.47 per cent from the year-ago quarter. The company reported net profit of Rs 510.48 crore for the latest quarter.
Promoter Holdings
Promoters held 69.84 per cent stake in the company as of 31-Dec-2023, while FIIs held 11.49 per cent and MFs 3.49 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 2617.38 on April 15, while the 50-DMA was at Rs 2810.11. 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.
Source: Stocks-Markets-Economic Times
