India's Pidilite Industries gains on Q2 profit beat
24/10/2024 05:36
** Shares of Pidilite Industries PIDI.NS rise 2.4% to
3,162 rupees; set to snap three-session losing run
** Diversified chemicals maker beats Q2 profit estimates,
aided by benign input costs
** Posts consolidated net profit of 5.35 bln rupees ($63.6
mln), up 18.8% from a year ago
** Stock rated "hold" on avg; median PT is 3,097 rupees -
LSEG
** PIDI up 17% YTD
($1 = 84.0650 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))
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