Pidilite experienced a notable surge and a high volume of trading in morning deals on BSE on Wednesday, January 24, 2024, following the company’s robust operational performance in the December quarter.
The consolidated profit after tax for the December quarter exhibited significant growth, soaring by 68% to Rs 510 crore against Rs 304 crore year-on-year (YoY). While slightly below Zee Business research estimates of Rs. 520 crore, the impressive performance fueled positive market sentiment towards Pidilite.
As of 1:55 pm, Pidilite shares were trading 2.69% higher at ₹2,590.50, reflecting investor confidence in the company’s ability to deliver strong financial results. The surge in shares indicates a positive response from the market to Pidilite’s performance in the quarter, as investors continue to track the company’s strategic moves and overall market dynamics.
