Pidilite Industries scales record high after bulk deal

Pidilite Industries advanced 2.98% at Rs 436.85 at 15:08 IST on BSE after a bulk deal of 4 lakh shares was executed on the counter at Rs 427 per share at 09:51 IST on BSE today, 21 November 2014.

Meanwhile, the S&P BSE Sensex was up 266.41 points or 0.95% at 28,333.97

On BSE, so far 7.57 lakh shares were traded in the counter as against average daily volume of 28,937 shares in the past one quarter.

The stock hit a record high of Rs 443 in intraday trade today, 21 November 2014. The stock hit a low of Rs 423.85 so far during the day. The stock had hit a 52-week low of Rs 268.95 on 29 January 2014.

The stock had outperformed the market over the past one month till 20 November 2014, rising 9.09% compared with the Sensex's 6.2% rise. The stock had also outperformed the market in past one quarter, surging 15.81% as against Sensex's 6.66% rise.

The large-cap company has equity capital of Rs 51.27 crore. Face value per share is Re 1.

Pidilite Industries' consolidated net profit rose 17.2% to Rs 138.90 crore on 14.1 % growth in net sales to Rs 1248.56 crore in Q2 September 2014 over Q2 September 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.

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