Pidilite Industries Shares Climb on Thursday!
Pidilite Industries Ltd.’s stock prices went up by 0.99%, reaching Rs 2940.20 during Thursday’s trading. The highest price it hit that day was Rs 2975.00, and the lowest was Rs 2936.70. In the past year, the stock’s highest value was Rs 3414.40, while the lowest was Rs 2490.00.
By 01:13 PM (IST), there were 3,513 shares traded, amounting to Rs 1.03 crore in total. Just a day before, the stock closed at Rs 2969.75. Over the last month, the stock is down by 2.41%. During the same time, the BSE Sensex, which is a major stock market index, increased by about 1.15%.
According to market data, Pidilite shares are trading at a price-to-earnings (P/E) ratio of 78.19. This means investors believe the company will grow and are willing to pay more for each rupee of profit it makes. The price-to-book ratio stands at 18.24, showing how much investors think the company’s worth, even if it’s not growing.
Pidilite operates in the diversified industry. As of September 30, 2024, promoters owned 68.43% of the company, while Foreign Institutional Investors (FII) held 11.96% and Mutual Funds (MF) owned 3.62%.
In financial results, for the quarter ending September 30, 2024, Pidilite reported sales of Rs 3292.03 crore, which is a decrease of 4.56% from the previous quarter’s Rs 3449.29 crore, but up by 5.93% compared to Rs 3107.63 crore from last year. The company’s net profit was Rs 534.56 crore, which is an increase of 18.75% from the same quarter last year.
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