SHARE PRICES OF THE PIDILITE INDUSTRY GAINED 0.65% AS NIFTY WEAKENS
The share price of Pidilite raised to 2173.75 in Monday’s trade. During the session, the prices remain between 2178.6 and 2141.35. The return on equity (ROE) for the stock was 18.85%.
The transaction volume at the counter was 10:35 am, and the sales at that time were 1.47 rupees. Pidilite Industries Ltd said a 52-week high of stock was Rs2764.6 and a 52-week low was Rs1988.6, respectively. The stock beta, which measures volatility compared to a wider market, was 1.04.
PROMOTER/ FII HOLDER
As of March 31, 2022, the promoter had a 68.69% stake in the company, FII had an 11.57% stake, and domestic institutional investors had a 4.0% stake.
According to the company’s report, consolidated sales for the quarter ending March 31, 2022, were Rs 2,518.21, down 11.82% from Rs 2,855.89 in the previous quarter and down 11.78% from Rs 2,252.85 in the same quarter last year.
Net income after tax for the most recent quarter was Rs.254.35 crore down 16.93% from Rs. for the same quarter last year.
MACD showed a bullish bias on the counter. MACD is known to indicate a trend reversal of traded securities or indexes. This is the difference between the 26th and 12th exponential moving averages. A 9-day exponential moving average, called the signal line, is drawn above the MACD to reflect the “buy” or “sell” opportunities. When the MACD crosses below the signal line, it signals a bearish signal, indicating that the price of the security may fall.