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    Pidilite Ind shares down 0.73% as Sensex rises

    Synopsis

    A total of 7,723 shares changed hands on the counter till 11:49AM (IST)

    stock-market-2---gettyGetty Images
    India 10-year bond yield fell 0.41 per cent to 5.89 after trading in 5.87-5.91 range
    Shares of Pidilite Industries Ltd. fell 0.73 per cent to Rs 2392.55 in Tuesday's session as of 11:49AM (IST) even as the equity benchmark Sensex traded 107.36 points higher at 61049.03.

    Earlier in the day, the stock witnessed a start to the session. The stock quoted a 52-week high price of Rs 2916.85 and a 52-week low of Rs 1988.6 on NSE. Around 7723 shares changed hands on the counter till 11:49AM (IST).

    The stock opened at Rs 2410.05 and has touched an intraday high and low of Rs 2425.9 and Rs 2391.35 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 93.84, earnings per share (EPS) of Rs 25.55 and price to book value (PB) of 19.49, while the return on equity (ROE) stood at Rs 18.95.

    Promoter/ FII Holding
    The promoters held 69.94 per cent stake in the company as of January 24, while FII and MF ownerships stood at 11.08 per cent and 4.08 per cent, respectively.

    Key Financials
    With a market capitalisation of Rs 121892.63 crore, the company operates in the Diversified industry. For the quarter ended 30-Sep-2022, the company reported consolidated sales of Rs 3022.13 crore, down 2.88 per cent from the previous quarter?s Rs 3111.79 crore and down 14.46 per cent from the same quarter a year ago. The company reported net profit of Rs 332.44 crore for the latest quarter, down 11.27 per cent from the corresponding quarter last year.

    Technical Indicators
    The relative strength index (RSI) of the stock stands at 32.19. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.



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    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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