News for Pidilite Industries Limited (PIDILITIND.BO)

Industrial coatings business works with multiple partners and involves higher technological knowhow. If any of the suitors bid for the entire business, the Dulux maker may demand a valuation of up to $2 billion.

Berger Paints has decided to step aside from the race to acquire Akzo Nobel's India unit due to its high valuation. Abhijit Roy, the managing director, indicated that they would consider the acquisition at a fairer price. The company plans to enhance its distribution network to strengthen its presence and counter competition in the Indian market.

Major paint companies like Pidilite, JSW Paints, Berger, and Indigo Paints have submitted bids for acquiring Akzo Nobel India. The acquisition is valued at approximately ₹13,107 crore, following Akzo Nobel NV's strategic decision to sell its Indian operations. This move comes amid growing consolidation in the Indian paints industry.

Global brokerage Goldman Sachs retains buy, while Macquarie assigns underperform rating

A total of 19,366 shares changed hands on the counter till 09:59AM (IST).

Stocks including Hindustan Unilever, Stallion India, UltraTech, BPCL, Laurus Labs, Go digit, Adani Green and more will be in the spotlight on Thursday, January 23.

The Relative Strength Index of the stock stood at 30.6 on Wednesday.

Indian equity benchmarks, Sensex and Nifty, are expected to open flat-to-higher on Wednesday, tracking mixed cues from global peers.

The stock quoted a 52-week high price of Rs 3414.40 and low of Rs 2490.00.

On the technical charts, the RSI of the stock stood at 38.63.

A total of 4,238 shares changed hands on the counter till 11:57AM (IST)

The stock quoted a 52-week high price of Rs 3414.40 and low of Rs 2490.00.

The race for Akzo Nobel India includes Pidilite Industries, JSW Paints, and Indigo Paints, with a deal valued at $2-2.5 billion. The initial interest from Aditya Birla and Adani Group has shifted, indicating a significant change in the competitive landscape of the paint industry.

As many as 15 stocks hit their 52-week lows today. BSE 500 stocks such as Prince Pipes and Fittings Ltd and Tata Technologies Ltd hit their respective one-year low levels. That said, 250 stocks touched their one-year high levels today.

Q2 results today: On October 23, 2024, 73 companies, including major names Bajaj Finserv, Hindustan Unilever, Godrej Properties, and AU Small Finance Bank, will release their Q2 FY2025 earnings reports.

Stocks including Bajaj Finance, Power Grid, Paytm, Firstsource Solutions, Indus Towers, RITES, ICICI Prudential, RailTel more will be the spotlight on Wednesday, October 23.

The Wood Adhesives market is growing as consumers increasingly favor sustainable bonding solutions, driven by awareness of their benefits in beauty,...

Indian equity indices Sensex and Nifty50 registered their steepest drop in two months due to profit booking and weak Asian markets, breaking below key support levels. Analysts highlight potential further weakness with key support at 25,750 and resistance at 26,000. The bearish sentiment affected both major and smaller stocks.

Stocks that will seee action today: Buzzing Stocks: BSE, Zomato, Reliance Industries, RInfra, Adani Enterprises, Adani Energy, PNB, Apollo Hospitals, Angel One, Future Lifestyle, Lupin, Biocon, Zydus Lifesciences, Dr Reddy’s Lab, BEL, ICICI Prudential, REC, SW Solar, Welspun Enterprises, KRBL, Kohinoor Foods, Chaman Lal Setia, Pidilite, NHPC, Mahanagar Gas