Pidilite Ind falls after Q1 results

The shares of Pidilite Industries down over 3%, hitting the weekly low of Rs170.35 after the company declared its Q1 results. So far, 1.36 lakh shares have traded on the BSE as against the two-week average volume of 0.45 lakh shares.

Pidilite Industries’ net profit up nearly 1% to Rs105 crore in Q1FY12 versus Rs104 crore in Q1FY11.

The company’s net sales rose by 20.89% to Rs845 crore in Q1FY12 versus Rs699 crore in Q1FY11.

At 2.24 pm, Pidilite Industries was trading at Rs170.90, down by 3.58%, with a volume of 1.36 shares on the BSE