Pidilite is planning to set up similar experience centres in other major Indian cities also, and the next store will be opened in Kochi in about two months.
“We are planning to acquire well managed businesses that will help us expand our business locally,” Group CEO for CCD Sanjay Bahadur told reporters in Chennai on the sidelines of the launch of the Dr. Fixit Experience Centre.
At present, the company has wholly-owned subsidiaries in Thailand, the UAE and Singapore.
The Dr. Fixit Experience Centre aims to spread awareness and provide access to latest waterproofing solutions for architects, builders and contractors.
The Centre will act as a platform for knowledge sharing and train people by engaging with experts.
Pidilite is planning to set up similar experience centres in other major Indian cities also, and the next store will be opened in Kochi in about two months.
The stock is currently trading at Rs. 558, up by 5.45 points or 0.99% from its previous closing of Rs. 552.55 on the BSE.
The scrip opened at Rs. 550 and has touched a high and low of Rs. 563 and Rs. 548.45 respectively. So far 96019 shares were traded on the counter. The current market cap of the company is Rs. 28327.18 crore.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 638 on 20-Mar-2015 and a 52 week low of Rs. 377.5 on 16-Oct-2014. Last one week high and low of the scrip stood at Rs. 570 and Rs. 547 respectively.
The promoters holding in the company stood at 69.74 % while Institutions and Non-Institutions held 19.76 % and 10.5 % respectively.
The stock is currently trading above its 50 DMA.
No comments:
Post a Comment