Pidilite Industries rose 2.7% to Rs 256.50 at 13:08 IST on BSE after a block deal of 6 lakh shares was executed on BSE at Rs 256 per share at 11:53 IST.
The block deal constitutes 0.11% of Pidilite Industries' equity.
Meanwhile, the S&P BSE Sensex was up 82.16 points or 0.41% at 19,983.12.
On BSE, 6.18 lakh shares were traded in the counter as against average daily volume of 26,436 shares in the past one quarter.
The stock hit a high of Rs 257.50 and a low of Rs 249.50 so far during the day. The stock hit a record high of Rs 302.75 on 19 July 2013. It 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 23 September 2013, jumping 9.44% compared with the Sensex's 7.46% surge. The scrip had, however, underperformed the market in past one quarter, declining 7.41% as against Sensex's 6% gain.
The large-cap company has equity capital of Rs 51.26 crore. Face value per share is Re 1.
Pidilite Industries' consolidated net profit rose 25.8% to Rs 160.99 crore on 12.1% growth in net sales to Rs 1118.81 crore in Q1 June 2013 over Q1 June 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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