India's Pidilite Industries rises as Q1 profit beats estimates
07/08/2024 10:05
** Shares of Pidilite Industries PIDI.NS rose as much as
4.6%, last up 3.4% to 3,159.8 rupees
** Adhesives-maker's Q1 profit rose ~21% YoY and beat
estimates
** Rival adhesives-maker 3M India's TMIN.NS profit rose
** PIDI stock rated "hold" on avg, one analyst rates TMIN
stock "strong buy" - LSEG data
** YTD, PIDI and TMIN up ~16% and ~3% respectively
(Reporting by Varun Vyas in Bengaluru)
((varunvyas.hebbalalu@thomsonreuters.com))
Recent news on Pidilite Industries
See all newsPeak XV-backed HomeLane plans India IPO within two years to fuel expansion
Brief: Pidilite Industries Receives Penalty Order Of 1.5 Million Rupees Under GST Act
India's Pidilite rises after profit jump; Macquarie flags margin risks
India's Pidilite Industries profit surges 37% on steady adhesive demand
Brief: Pidilite Industries Q4 Consol Net Profit 5.79 Billion Rupees