Share price of Pidilite Ind falls as Nifty weakens

A total of 5,295 shares changed hands on the counter till 01:02PM (IST).

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Shares of Pidilite Industries Ltd. slipped 1.83 per cent to Rs 3210.

0 in Wednesday's trade as of 01:02PM (IST). The stock hit a high price of Rs 3279.8 and low of Rs 3210.



0 during the session. The return on equity (ROE) for the stock stood at 20.59 per cent.

Traded volume on the counter stood at 01:02PM shares and turnover at Rs 1.71 crore around that time. The stock of Pidilite Industries Ltd.

quoted a 52-week high price of Rs 3330.9 and 52-week low prices of Rs 2293.1, respectively.

The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.04. Promotor/FII Holding Promoters held 68.

58 per cent stake in the company as of 30-Jun-2024, while foreign investors held 11.58 per cent and domestic institutional investors had 3.55 per cent.

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73 crore and up 4.57 per cent from the year-ago quarter's Rs 3298.54 crore.

Net profit after tax for the latest quarter stood at Rs 566.92 crore, up 21.1 per cent from the same quarter a year ago.

Technicals The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages.

A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa. (You can now subscribe to our ETMarkets WhatsApp channel ).