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Pidilite Industries gains on entering into JV with Chetana Expotential Technologies

28 Aug 2019

Pidilite Industries is currently trading at Rs. 1377.65, up by 6.80 points or 0.50% from its previous closing of Rs. 1370.85 on the BSE.

The scrip opened at Rs. 1371.50 and has touched a high and low of Rs. 1387.75 and Rs. 1365.00 respectively. So far 10729 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1399.80 on 27-Aug-2019 and a 52 week low of Rs. 898.00 on 09-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1399.80 and Rs. 1347.00 respectively. The current market cap of the company is Rs. 69771.04 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 entered into a Joint Venture with Chetana Expotential Technologies (Chetana), a Bangalore based engineering technologies company, to establish a Joint Venture Company (JV Company) in India. Chetana has invented a technology in the field of Post Compressed Aerated Concrete Wall Panels. The JV Company will be responsible for deploying this innovative technology and other ancillary products in projects in India, Sri Lanka and Bangladesh.

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.

Related Pidilite Industries Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323