SMIFS said that GMR Airports continues to move higher along a rising trendline, indicating continuation of the short-term uptrend after a healthy consolidation.
Pidilite Industries shares opened at Rs 1,539.90 apiece against Monday's closing price of Rs 3,037.75. Time Technoplast shares opened at Rs 244.25 apiece against previous day's closing price of Rs 477.75.
The brokerage said Asian Paints remains focused on safeguarding its market share, with its EBITDA margin likely to stabilise within the 18–20 per cent band.
The Pidilite Industries board, at its meeting held on August 30, had recommended and approved a special dividend of Rs 10 per equity share of a face value of Rs 1 each.
The company achieved a volume growth of 9.9%, which is on the higher side of the projected 8% to 10% range. Pidilite's revenue for the quarter increased by 10.5% to ₹3,753 crore, slightly exceeding the market estimate of ₹3,700 crore. Additionally, the company's EBITDA rose by 16% to ₹941 crore, surpassing the anticipated ₹874 crore, with the EBITDA margin improving by 110 basis points to 25% compared to the previous year. Pidilite's board also approved significant shareholder returns in the form of a bonus issue and a special dividend. Shareholders are set to receive one bonus share for every share held, with the record date yet to be confirmed, alongside a special dividend of ₹10 per share, scheduled for August 13. Catch Shailendra Bhatnagar in conversation with Sudhanshu Vats, Managing Director, Pidilite Industries decoding Q1 results and growth blue print.
Pidilite Industries' board will meet today to consider its first bonus issue in 15 years, alongside expected Q1 revenue growth of 9%.
Pidilite Industries shares gained 3.65% to Rs Rs 3,085.60 on May 12. Market cap of the firm climbed to Rs 1.56 lakh crore on BSE.
An analyst from Master Capital said that Pidilite has gained over 10 per cent and reclaimed key moving averages- 21, 55, and 100-day EMAs, indicating strength across multiple time frames.
An analyst from YES Securities said that IndiGo has witnessed a surge in price and volume during the last trading session, breaking out from its downward sloping line on the daily chart.
Shares of Pidilite Industries Ltd surged as much as 9 per cent during the trading session on Thursday, following the company's strong performance in the December 2024 quarter.
Bharti Airtel demonstrated a bullish breakout above the small falling channel pattern at Rs 1,150 on the weekly chart, suggesting a possible continuation of the medium-term uptrend.





