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Pidilite Industries jumps on entering into JVA with Hybrid Coatings

25 Jul 2012 Evaluate

Pidilite Industries is currently trading at Rs. 169.00, up by 6.20 points or 3.81% from its previous closing of Rs. 162.80 on the BSE.

The scrip opened at Rs. 164.00 and has touched a high and low of Rs. 170.00 and Rs. 164.00 respectively. So far 4,818 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 187.75 on 02-May-2012 and a 52 week low of Rs. 133.55 on 02-Feb-2012.

Last one week high and low of the scrip stood at Rs. 170.00 and Rs. 154.25 respectively. The current market cap of the company is Rs. 8,579.00 crore.

The promoters holding in the company stood at 70.75% while Institutions and Non-Institutions held 17.81% and 11.44% respectively.

Pidilite Industries has entered into a joint venture agreement (JVA) with Hybrid Coatings for manufacture of construction chemicals and to establish a joint venture company in India for this purpose. Hybrid Coatings is a partnership firm.

The joint venture proposes to carry on business in India, South East Asia and SAARC countries or such other locations as may be decided. Besides, the initial contribution by the company is not likely to exceed Rs 3 crore.

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.

Pidilite Inds. Share Price

1393.25 62.55 (4.70%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BASF India 3703.10
Tata Chemicals 709.05
SRF 2493.65
Pidilite Inds. 1393.25
Deepak Nitrite 1538.00
View more..

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