Pidilite Industries gains on incorporating WOS in Ethiopia

16 Dec 2014

Pidilite Industries is currently trading at Rs. 472.00, up by 3.55 points or 0.76% from its previous closing of Rs. 468.45 on the BSE.

The scrip opened at Rs. 465.00 and has touched a high and low of Rs. 474.00 and Rs. 460.00 respectively. So far 21134 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 505.85 on 01-Dec-2014 and a 52 week low of Rs. 268.95 on 29-Jan-2014.

Last one week high and low of the scrip stood at Rs. 499.00 and Rs. 462.90 respectively. The current market cap of the company is Rs. 24197.69 crore.

The promoters holding in the company stood at 70.00%, while Institutions and Non-Institutions held 19.37% and 10.63% respectively.

Pidilite Industries along with its wholly owned subsidiary (WOS) Pidilite International has incorporated a private limited subsidiary Company in Ethiopia on December 10, 2014 in the name of ‘Pidilite Chemical Plc’ for manufacture of adhesives, mastics, paints, varnishes or similar coatings, printing, writing and painting inks etc.

Pidilite Industries has diversified in 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. It has created brands like Fevicol, Dr Fixit, Cyclo, hobby ideas, Roff and M-Seal.

Related Pidilite Industries Ltd. Links:

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Puchho Befikar
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