Pidilite Industries gains after good Q4 numbers

The result was announced after market hours on Tuesday, 28 May 2013.

Meanwhile, the S&P BSE Sensex was down 21.44 points, or 0.11%, to 20,139.38.

On BSE, 18,000 shares were traded in the counter as against an average daily volume of 40,485 shares in the past one quarter.

The stock hit a high of Rs 295.50 and a low of Rs 291 so far during the day. The stock had hit a record high of Rs 296.90 on 14 May 2013. The stock had hit a 52-week low of Rs 154.25 on 19 July 2012.

The stock had outperformed the market over the past one month till 28 May 2013, rising 16.16% compared with the Sensex's 4.53% rise. The scrip had also outperformed the market in past one quarter, rising 20.65% as against Sensex's 6.89% rise.

The large-cap company has an equity capital of Rs 51.26 crore. Face value per share is Re 1.

Pidilite Industries' net profit rose 30.71% to Rs 423.99 crore on 17.64% increase in total income from operations (net) to Rs 3678.11 crore in the year ended March 2013 over the year ended March 2012.

The board of Pidilite Industries recommended a dividend of Rs 2.6 per share of Re 1 each for the financial year ended March 2013.

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.

Powered by Capital Market - Live News