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Pidilite Industries gains after good Q1 result

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Capital Market

Pidilite Industries advanced 2.51% at Rs 555.40 at 09:51 IST on BSE after consolidated net profit rose 33.8% to Rs 225.53 crore on 9.3% growth in net sales to Rs 1462.15 crore in Q1 June 2015 over Q1 June 2014.

The result was announced after market hours yesterday, 28 July 2015.

Meanwhile, the S&P BSE Sensex was up 79.87 points or 0.29% at 27,539.10

On BSE, so far 37,563 shares were traded in the counter as against average daily volume of 47,477 shares in the past one quarter.

The stock hit a high of Rs 569 and low of Rs 551 so far during the day. The stock had hit a record high of Rs 637.55 on 20 March 2015. The stock had hit a 52-week low of Rs 352 on 8 August 2014.

 

The large-cap company has equity capital of Rs 51.27 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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First Published: Jul 29 2015 | 9:42 AM IST

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