ICICI Direct has given a buy rating to Pidilite Industries with a target price of Rs 1549. The share price moved down by 0.20 per cent from its previous close of Rs 1526.80. The stock’s last traded price is Rs 1523.75.

Pidilite Industries Ltd., incorporated in the year 1969, is a Large Cap company (having a market cap of Rs 77827.28 Crore) operating in Diversified sector.

Financials
For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 877.84 Crore, down 43.17 % from last quarter Sales of Rs 1544.68 Crore and down 56.47 % from last year same quarter Sales of Rs 2016.81 Crore Company reported net profit after tax of Rs 15.35 Crore in latest quarter.

Investment Rationale
Bullish Engulfing candlestick at 20 day EMA &Macd in buy mode

pidi

Promoter/FII Holdings
Promoters held 70.2 per cent stake in the company as of June 30, 2020, while FIIs held 11.2 per cent, DIIs 8.1 per cent and public and others 10.5 per cent.





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