Share price of Pidilite Ind jumps as Sensex drops 335.84 points
A total of 1,954 shares changed hands on the counter till 10:10AM (IST)
Share price of gained 1.62 per cent to Rs 3163.25 at 10:10AM (IST) in Wednesday's trade. The counter hit a high of Rs 3171.7 and low of Rs 3122.5 so far during the session. The stock had closed at Rs 3112.65 in the previous session.The counter had a total traded volume of 10:10AM shares so far with a turnover of Rs 0.62 crore on . The stock traded at a price-to-earnings multiple of 92.35 and a price-to-book ratio of 18.24.
A higher P/E 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 foreign investors and domestic institutional investors ownership stood at 11.31 per cent and 8.93 per cent, respectively.
Key Financials
The company reported consolidated 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
