Pidilite Industries gains after twin bulk deals

A bulk deal of 2.99 lakh shares was executed on the Pidilite Industries counter at Rs 219 per share at 10:03 IST on BSE today, 17 January 2013. Another bulk deal of 1.45 lakh shares was executed on the counter at Rs 219 per share at 10:11 IST on BSE today, 17 January 2013.

Meanwhile, the BSE Sensex was up 69.01 points or 0.35% at 19,886.64

On BSE, 4.61 lakh shares were traded in the counter as against average daily volume of 63,322 shares in the past one quarter.

The stock hit a high of Rs 221.70 and a low of Rs 218 so far during the day. The stock had hit a record high of Rs 239.20 on 9 January 2013. The stock had hit a 52-week low of Rs 133.55 on 2 February 2012.

The stock underperformed the market over the past one month till 16 January 2013, rising 2.02% compared with the Sensex's 2.59% rise. The scrip, however, outperformed the market in past one quarter, surging 9.89% as against Sensex's 6.67% surge.

The large-cap chemicals and adhesives maker has equity capital of Rs 51.26 crore. Face value per share is Re 1.

Pidilite Industries announces its Q3 December 2012 results on 29 January 2013. The company's consolidated net profit rose 23.9% to Rs 95.66 crore on 15.2% growth in net sales to Rs 899.74 crore in Q2 September 2012 over Q2 September 2011.

Pidilite Industries is the largest adhesive manufacturer in India. It also has world wide presence in adhesives, art material and industrial chemicals.

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