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Pidilite Industries surges on reporting 41% rise in Q2 consolidated net profit

Pidilite Industries is currently trading at Rs. 1336.30, up by 12.65 points or 0.98% from its previous closing of Rs. 1323.65 on the BSE.

The scrip opened at Rs. 1318.00 and has touched a high and low of Rs. 1349.50 and Rs. 1309.00 respectively. So far 32352 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 1494.90 on 23-Sep-2019 and a 52 week low of Rs. 1048.85 on 18-Feb-2019.

Last one week high and low of the scrip stood at Rs. 1388.65 and Rs. 1309.00 respectively. The current market cap of the company is Rs. 67845.80 crore.

The promoters holding in the company stood at 69.71%, while Institutions and Non-Institutions held 19.88% and 10.40% respectively.

Pidilite Industries has reported 32.49% rise in its net profit at Rs 324.09 crore for the quarter ended September 30, 2019 as compared to Rs 244.62 crore for the same quarter in the previous year. Total income of the company increased by 4.33% at Rs 1628.94 crore for Q2FY20 as compared Rs 1561.26 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 40.60% in its net profit at Rs 325.04 crore for the quarter ended September 30, 2019 as compared to Rs 231.18 crore for the same quarter in the previous year. Total income of the company increased by 4.34% at Rs 1862.36 crore for Q2FY20 as compared Rs 1784.82 crore for the corresponding quarter previous year.

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