Pidilite Industries lost 1.13% at Rs 405.60 at 13:04 IST on BSE after 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.
The Q2 result was announced before market hours today, 5 November 2014.
Meanwhile, the S&P BSE Sensex was up 30.68 points or 0.11% at 27,891.06.
On BSE, so far 31,000 shares were traded in the counter as against average daily volume of 29,599 shares in the past one quarter.
The stock was volatile. The stock lost as much as 1.38% at the day's low of Rs 404.55 so far during the day. The stock rose as much 1.4% at the day's high of Rs 416 so far during the day. The stock had hit a record high of Rs 422.40 on 26 August 2014. The stock had hit a 52-week low of Rs 268.95 on 29 January 2014.
The stock had underperformed the market over the past one month till 3 November 2014, advancing 3.51% compared with Sensex's 4.86% rise. The scrip had, however, outperformed the market in past one quarter, jumping 12.26% as against Sensex's 9.34% rise.
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The large-cap company has equity capital of Rs 51.26 crore. Face value per share is Re 1.
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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