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Pidilite Industries slips ex-dividend

Capital Market/ 14:11 , Jul 06, 2012

Pidilite Industries fell 0.82% to Rs 170 at 14:10 IST on BSE after the stock turned ex-dividend today, 6 July 2012, for dividend of Rs 1.90 per share for the year ended 31 March 2012.

Meanwhile, the BSE Sensex was down 3.17 points or 0.02% to 17,535.50.

On BSE, 7,421 shares were traded in the counter as against average daily volume of 37,142 shares in the past one quarter.

The stock hit a high of Rs 172.80 and a low of Rs 168.10 so far during the day. The stock had hit a 52-week low of Rs 133.55 on 2 February 2012. The stock had hit a record high of Rs 187.75 on 2 May 2012.

The stock had underperformed the market over the past one month till 5 July 2012, rising 3.69% compared with the Sensex's 9.48% rise. The scrip had, however, outperformed the market in past one quarter, rising 3.97% as against Sensex's 0.3% gain.

The chemicals and adhesives maker has an equity capital of Rs 50.76 crore. Face value per share is Re 1.

Before turning ex-dividend, the stock offered a dividend yield of 1.1% based on the closing price of Rs 171.40 on Thursday, 5 July 2012.

Pidilite Industries' consolidated net profit rose 38.5% to Rs 63.97 crore on 14.3% growth in net sales to Rs 715.28 crore in Q4 March 2012 over Q4 March 2011.

Pidilite Industries is the largest adhesive manufacturer in India. It also has world wide presence in adhesives, art material and industrial chemicals.

 



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