Pidilite Industries gains on inking distribution agreement with CollTech Group
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Pidilite Industries is currently trading at Rs. 3233.60, up by 27.40 points or 0.85% from its previous closing of Rs. 3206.20 on the BSE.
The scrip opened at Rs. 3219.60 and has touched a high and low of Rs. 3259.00 and Rs. 3207.15 respectively. So far 9705 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3277.80 on 08-Aug-2024 and a 52 week low of Rs. 2293.10 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 3259.00 and Rs. 3138.80 respectively. The current market cap of the company is Rs. 164465.26 crore.
The promoters holding in the company stood at 69.75%, while Institutions and Non-Institutions held 20.55% and 9.70% respectively.
Pidilite Industries has entered into an exclusive distribution agreement with CollTech Group, a Company dedicated to the manufacture and sale of high-performance adhesives and thermal management solutions. Under this partnership, Pidilite will serve as the exclusive distributor of CollTech’s extensive range of products in India. This collaboration is aimed to enhance CollTech’s market presence and further expand Pidilite’s position in the electronics industry in India.
The exclusive agreement underscores CollTech’s commitment to delivering exceptional products and solutions through a strategic partnership with Pidilite Industries. By leveraging extensive distribution network and market knowledge of Pidilite Industries, CollTech aims to provide even greater value to its customers, ensuring consistent product availability and superior service in India.
Pidilite Industries is a well-known name in the adhesives market.
