Pidilite Ind Share Price: Pidilite Ind stock price down 0.05 per cent as Sensex climbs

Pidilite Ind Share Price: Pidilite Ind stock price down 0.05 per cent as Sensex climbs

Shares of Pidilite Industries Ltd. fell 0.05 per cent to Rs 2295.75 at 12:50PM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 8,317 shares with a turnover of Rs 1.9 crore till 12:50PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 93.73, while the price-to-book value ratio stood at 19.49.

Return on equity (ROE) was at 18.95 per cent, according to exchange data. The stock hit an intraday high of Rs 2304.95 and a low of Rs 2281.35 during the session and quoted a 52-week high price of Rs 2916.85 and a 52-week low of Rs 1988.6.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 1.04.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 2485.22 on February 15, while the 50-DMA was at Rs 2477.66. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 34.66. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30. Promoter holding

As of 31-Dec-2022, promoters held 69.94 per cent stake in the company, while overseas investors held 11.08 per cent and domestic institutional investors had 8.06 per cent.

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