India's Pidilite Industries eyes best day in nearly 5-1/2 yrs on Q3 profit rise

Pidilite Industries

23/01/2025 06:16

** Shares of Pidilite Industries  PIDI.NS  rise as much as
8.8% to 2,997.20 rupees, mark sharpest intraday pct gain since
Sept. 20, 2019
    ** The adhesives and sealants maker on Wednesday reported
8.2% Y/Y rise in Q3 consol net profit while rev from ops rose
7.6% Y/Y
    ** Rev in consumer and bazaar segment, which accounts for
about 80% of co's Q3 revenue, grew 5.2% Y/Y while the
business-to-business segment rose about 19% Y/Y
    ** More than 1.3 mln shares change hands, 3.7x of 30-day avg
    ** Avg rating of 13 analysts equivalent of "Hold", median PT
is 3,136 rupees - LSEG data
    ** Stock rose 7% in 2024, its 13th straight yearly gain



 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))