Pidilite Industries nears record high on heavy volumes, stock advances 4%

In the past three months, Pidilite has underperformed the market by gaining 16 per cent, as compared to a 20-per cent gain in the S&P BSE Sensex

Shares of Pidilite Industries jumped 4 per cent to Rs 1,699 on the BSE in the early morning deals on Friday on the back of heavy volumes in an otherwise subdued market.

The stock of the specialty chemicals' firm was trading close to its all-time high level of Rs 1,710 touched on March 11, 2020. In comparison, the S&P BSE Sensex was down 0.24 per cent at 46,779 points at 10:47 am. Trading volumes on Pidilite counter jumped an over seven-fold as a combined 1.7 million equity shares had changed hands on the BSE and NSE till the time of writing