Pidilite Industries inches up as its arm increases stake in subsidiary.
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Pidilite Industries is currently trading at Rs. 2684.00, up by 13.05 points or 0.49% from its previous closing of Rs. 2670.95 on the BSE.
The scrip opened at Rs. 2645.05 and has touched a high and low of Rs. 2693.00 and Rs. 2645.05 respectively. So far 534 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2916.85 on 15-Sep-2022 and a 52 week low of Rs. 2009.80 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 2728.75 and Rs. 2645.05 respectively. The current market cap of the company is Rs. 135776.48 crore.
The promoters holding in the company stood at 69.94%, while Institutions and Non-Institutions held 19.07% and 10.99% respectively.
Pidilite Industries’ wholly owned subsidiary---Pidilite Middle East has increased its holding in its subsidiary entity namely Pidilite MEA Chemicals LLC from 49% to 100%, on purchase of balance 51% from an existing shareholder of Pidilite MEA Chemicals LLC. Consequent to this, Pidilite MEA Chemicals LLC is now a wholly owned subsidiary of Pidilite Middle East effective June 19, 2023.
Pidilite Industries is a well-known name in the adhesives market.
