Pidilite Ind shares fall 0.53 per cent in Tuesday’s trading session


Shares of Pidilite Industries Ltd. fell 0.53 per cent to Rs 2353.0 in Tuesday’s trade as of 12:42PM (IST) even as the benchmark Nifty ruled at 17217.05, up 43.4 points.

The scrip had closed at Rs 2365.55 in the previous session. The stock quoted a 52-week low of Rs 1755.6 and a high of Rs 2764.6. The company quoted a market-cap of Rs 119872.2 crore on the BSE.

On BSE, 10,253 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 95.18 times its trailing 12-month EPS of Rs 24.78 per share and 16.45 times its book value. The return on equity (ROE) stood at Rs 20.31.

Key Financials

For the quarter ended 31-Dec-2021, Pidilite Industries Ltd. reported consolidated sales of Rs 2855.89 crore, up 23.13 per cent from the same quarter a year ago. The company reported 18.86 per cent YoY de-growth in net profit at Rs 358.49 crore for the latest quarter.

Technical indicators

The relative strength index (RSI) of the stock stood at Tuesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.

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