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Pidilite Industries trades in green on the bourses

Pidilite Industries is currently trading at Rs. 1365.70, up by 29.00 points or 2.17% from its previous closing of Rs. 1336.70 on the BSE.

The scrip opened at Rs. 1337.00 and has touched a high and low of Rs. 1365.70 and Rs. 1287.25 respectively. So far 6598 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. 901.00 on 23-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1396.00 and Rs. 1287.25 respectively. The current market cap of the company is Rs. 67901.68 crore.

The promoters holding in the company stood at 69.75%, while Institutions and Non-Institutions held 19.37% and 10.82% respectively.

Pidilite Industries has incorporated a subsidiary in the name of ‘Pidilite Litokol’ (PLPL) on October 7, 2019 to carry on the business of chemicals epoxy grouts, chemical based products etc. In terms of the Shareholders Agreement, the company shall hold 60% of the paid-up share capital and management control of PLPL.

Pidilite Industries is a well-known name in the adhesives market. The company has diversified into various segments such as adhesives and sealants, construction and paint chemicals, automotive chemicals, art materials, industrial adhesives, industrial and textile resins and organic pigments and preparations.