Shares of Pidilite Industries jumped as Nifty gained: Stocks

Shares of Pidilite Industries jumped as Nifty gained: Stocks

Shares of Pidilite Industries jumped as Nifty gained: Stocks

New Delhi: To begin with, the shares of Pidilite Industries Limited jumped by 1.40% in the session today. Nearly, 29,120 shares exchanged hands on the counter.

Significantly, the stock opened at Rs. 1,392.45 and reached a high of Rs. 1,405.95. As well as it reached a low of Rs. 1,383.15 per equity share. However, the shares of the company quoted at the 52-week high value of Rs. 1,709.85. It also quoted a 52-week low value of Rs. 1,186.05 in the trade.

According to the records, the total market capitalization of the company reached Rs. 71,282.61 crores.

On the other side, the company reported a consolidated net sales of Rs. 877.84 crores as of June 2020. Down by 43.17% from the previous quarter, which stood at Rs. 1,544.68 crores. Also, the net profit for the present quarter stood at Rs. 26.78 crores.

As of June 2020, the promoters of the company held 70.19% of its stake. Likewise, the FIIs held an 11.17% stake and DIIs held a 3.86% stake.

Moreover, the shares of the company traded at a price-to-earnings multiple of 83.83. So then, the price-to-book ratio stood at 15.30.

August 18th Stock Market Details:

On August 18th, both the Sensex and the Nifty traded at a bullish trend in the stock market. The Sensex gained 263.66 points and reached 38,312.71 levels with a 0.68% profit. On the other side, the Nifty gained 79.90 points and reached 11,325.75 levels with a 0.70% profit.

In the border market, the S&P BSE Midcap index gained 117.41 points with a 0.78% profit and reached 14,604.24 levels. Also, the S&P BSE Smallcap index gained 155.46 points with a 1.09% profit and reached a 14,124.98 level.

Besides, as of August 18th, the number of confirmed COVID-19 cases across India has reached 27,02,742. Also, the number of deaths in the country has reached 51,797.

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