Pidilite Industries rose 4.08% to Rs 641.70 at 9:45 IST on BSE after consolidated net profit rose 89.24% to Rs 152.60 crore on 19.66% increase in total income to Rs 1259.47 crore in Q4 March 2016 over Q4 March 2015.
The announcement was made after market hours yesterday, 19 May 2016.Meanwhile, the BSE Sensex was up 85.26 points, or 0.34%, to 25,484.98.
On BSE, so far 69,000 shares were traded in the counter, compared with an average volume of 6.19 lakh shares in the past one quarter. The stock hit a high of Rs 641.80 and a low of Rs 629.30 so far during the day. The stock hit a record high of Rs 647.55 on 22 February 2016. The stock hit a 52-week low of Rs 507.50 on 25 August 2015. The stock had outperformed the market over the past one month till 19 May 2016, falling 1.22% compared with 1.61% decline in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 1.58% as against Sensex's 7.13% rise.
The large-cap company has an equity capital of Rs 51.27 crore. Face value per share is Re 1.
On a consolidated basis, Pidilite Industries' net profit rose 47.41% to Rs 755.55 crore on 10.86% increase in total income to Rs 5420.44 crore in the year ended March 2016 over the year ended March 2015.
Pidilite Industries is a leading manufacturer of adhesives and sealants, construction chemicals, craftsmen products, DIY (Do-It-Yourself) products and polymer emulsions in India. Its products range also includes paint chemicals, automotive chemicals, art materials and stationery, fabric care, maintenance chemicals, industrial adhesives, industrial, textile resins and organic pigments & preparations.
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