Pidilite Industries jumps nearly 9% in two sessions

Pidilite Industries rose 3.51% to Rs 289.35 at 11:11 IST on BSE, extending Wednesday's 5.29% spurt triggered by the company's strong Q2 September 2013 results.

The result was announced after market hours on Tuesday, 29 October 2013. The stock jumped 5.29% to Rs 279.55 on Wednesday, 30 October 2013. The stock has risen 8.98% in two trading sessions from Rs 265.50 on 29 October 2013.

Meanwhile, the BSE Sensex was up 11.41 points, or 0.05%, to 21,045.38.

On BSE, 63,000 shares were traded in the counter compared with average volume of 65,292 shares in the past one quarter.

The stock hit a high of Rs 290.15 and a low of Rs 278.55 so far during the day. The stock hit a 52-week high of Rs 302.75 on 19 July 2013. The stock hit a 52-week low of Rs 188.60 on 5 November 2012.

The stock had outperformed the market over the past one month till 30 October 2013, rising 10.65% compared with the Sensex's 8.54% rise. The scrip had, however, underperformed the market in past one quarter, rising 3.31% as against Sensex's 8.71% rise.

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

On a consolidated basis, Pidilite Industries' net profit rose 23.9% to Rs 118.48 crore on 21.6% increase in net sales to Rs 1094.07 crore in Q2 September 2013 over Q2 September 2012.

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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