Share price of Pidilite Ind falls as Sensex gains 267.89 points
A total of 11,850 shares changed hands on the counter till 02:09PM (IST)
Share price of dropped 2.92 per cent to Rs 3080.35 at 02:09PM (IST) in Wednesday's trade. The counter hit a high of Rs 3199.45 and low of Rs 3076.3 so far during the session. The stock had closed at Rs 3173.15 in the previous session.The counter had a total traded volume of 02:09PM shares so far with a turnover of Rs 3.68 crore on . The stock traded at a price-to-earnings multiple of 94.1 and a price-to-book ratio of 18.24.
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.
The 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.
Promotor/FII Holding
Promoters held 69.77 per cent stake in the company as of 31-Mar-2024, while FIIs and domestic institutional investors ownership stood at 11.31 per cent and 8.93 per cent, respectively.
Key Financials
The firm reported consolidated net sales of Rs 2950.73 crore for the quarter ended 31-Mar-2024, down 6.83 per cent from the previous quarter's Rs 3166.97 crore and down 8.8 per cent from the year-ago quarter's Rs 2712.07 crore.
Its profit for the latest quarter stood at Rs 300.5 crore, up 6.17 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
