Pidilite Industries Ltd witnessed a sharp 51.5% decline in share price, attributed to the 1:1 bonus issue record date, which triggered a technical price adjustment. Despite this short-term volatility, the company’s strong Q1 performance, resilient rural demand, market dominance, and strategic growth initiatives highlight its robust financial health and promising long-term outlook.
Market Update: Shares of the leading industrial adhesives manufacturer tumbled by as much as 51.50% during the morning session, coinciding with the record date for its 1:1 bonus share issuance to eligible shareholders.
Pidilite Industries Ltd, with a market capitalization of ₹1,52,250.02 crore, was trading at ₹1,494.75 per share—down approximately 1.59% from its previous close of ₹1,518.90.