Pidilite Industries gains on launching manufacturing facilities under two joint ventures

Pidilite Industries is currently trading at Rs. 2679.80, up by 8.50 points or 0.32% from its previous closing of Rs. 2671.30 on the BSE.

pidilite industries enters into jv with chetana expotential technologies e1627904891370
PI Industries

The scrip opened at Rs. 2665.05 and has touched a high and low of Rs. 2682.85 and Rs. 2658.20 respectively. So far 4132 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 2916.85 on 15-Sep-2022 and a 52 week low of Rs. 2075.00 on 22-Jun-2022.

Last one week high and low of the scrip stood at Rs. 2682.85 and Rs. 2645.05 respectively. The current market cap of the company is Rs. 135659.56 crore.

The promoters holding in the company stood at 69.94%, while Institutions and Non-Institutions held 19.07% and 10.99% respectively.

Pidilite Industries has launched its state-of-the-art manufacturing facilities under its two joint ventures, Pidilite Litokol (PLPL) and Tenax Pidilite (TPPL), in Amod, Gujarat. Litokol SPA Italy and Tenax SPA Italy have transferred technology to Pidilite as part of the Joint Venture. This event signifies a milestone development in technology transfer in India’s stone and ceramic solutions industry.

Tenax offers some of the best product solutions for the installation and upkeep of marble and granite stones. These products provide a seamless finish and long-lasting luster and shine to marble and Granite. Litokol’s Starlike range of quartz-based technology epoxy grouts are stain proof, nonabsorbent and highly suitable for both interior and exterior floor and wall applications, even in severe operating conditions.