Pidilite Inds advances on strong Q3 earnings
Pidilite Industries advanced 1.73% to Rs 893.25 at 9:48 IST on BSE after consolidated net profit rose 18% to Rs 239.14 crore on 15.6% growth in net sales to Rs 1542.90 crore in Q3 December 2017 over Q3 December 2016.
The result was announced after market hours yesterday, 24 January 2018.Meanwhile, the S&P BSE Sensex was down 57.85 points or 0.16% at 36,103.79.
On the BSE, 12,000 shares were traded on the counter so far as against average daily volumes of 1.50 lakh shares in the past one quarter. The stock had hit a high of Rs 899.95 and a low of Rs 885 so far during the day. The stock had hit a record high of Rs 972 on 26 December 2017 and a 52-week low of Rs 632.75 on 24 January 2017.
The large-cap company has equity capital of Rs 51.28 crore. Face value per share is Rs 1.
Pidilite Industries is a leading manufacturer of adhesives, sealants, waterproofing solutions and construction chemicals to arts & crafts, industrial resins, polymers, etc.
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First Published: Jan 25 2018 | 9:43 AM IST