Pidilite Inds gains after strong Q2 results

Pidilite Industries rose 1.28% to Rs 571.75 at 9:48 IST on BSE after consolidated net profit rose 38.01% to Rs 191.70 crore on 4.93% growth in total income to Rs 1332.31 crore in Q2 September 2015 over Q2 September 2014.

The result was announced after market hours yesterday, 28 October 2015.

Meanwhile, the S&P BSE Sensex was down 94.12 points or 0.35% at 26,945.64.

On BSE, so far 18,000 shares were traded in the counter as against average daily volume of 22,000 shares in the past one quarter.

The stock hit a high of Rs 577 and a low of Rs 570 so far during the day. The stock had hit a record high of Rs 637.55 on 20 March 2015. The stock had hit a 52-week low of Rs 396.35 on 7 November 2014.

Pidilite Industries' product range includes adhesives and sealants, construction and paint chemicals, automotive chemicals, art materials, industrial adhesives, industrial and textile resins and organic pigments and preparations. The company's adhesives brand Fevicol is the largest selling adhesives brand in Asia.

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