Pidilite Industries gains after Q1 results

Pidilite Industries rose 2.22% to Rs 367.95 at 10:46 IST on BSE, after consolidated net profit rose 4.7% to Rs 168.52 crore on 19.4% increase in total income to Rs 1362.08 crore in Q1 June 2014 over Q1 June 2013.

The result was announced after market hours on Wednesday, 30 July 2014.

Meanwhile, the BSE Sensex was up 6.76 points, or 0.03%, to 26,094.18

On BSE, so far 6,526 shares were traded in the counter compared with average volume of 38,701 shares in the past one quarter.

The stock hit a high of Rs 369.45 and a low of Rs 360.15 so far during the day. The stock hit a 52-week high of Rs 370.90 on 25 July 2014. The stock hit a 52-week low of Rs 219.70 on 28 August 2013.

The stock had outperformed the market over the past one month till 30 July 2014, rising 10.41% compared with 2.65% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, rising 13.17% as against Sensex's 16.37% rise.

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

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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