Share price of Pidilite Industries Ltd. rises as Nifty strengthens

Shares of Pidilite Industries Ltd. gained 0.27 per cent to Rs 1373.55 in Thursday's trade as of 01:12PM (IST).

The stock hit a high price of Rs 1384.9 and low of Rs 1366.0 during the session.

The return on equity (ROE) for the stock stood at 25.05 per cent. Traded volume on the counter stood at 01:12PM shares and turnover at Rs 2.12 crore around that time.

The stock of Pidilite Industries Ltd. quoted a 52-week high and 52-week low prices of Rs 1709.85 and Rs 1168.8, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 1.04.

Promotor/FII Holding
Promoters held 69.92 per cent stake in the company as of 31-Mar-2020, while overseas investors held 11.5 per cent and domestic institutional investors had 3.39 per cent.

Key Financials
The company reported consolidated sales of Rs 1544.68 crore for the quarter ended 31-Mar-2020, down 19.82 per cent from previous quarter's Rs 1926.59 crore and down 5.75 per cent from the year-ago quarter's Rs 1638.93 crore.

Net profit after tax for the latest quarter stood at Rs 157.53 crore, down 31.9 per cent from the same quarter a year ago.