Pidilite stocks gain over 4% on acquiring Huntsman Advanced Materials

BL Internet Desk | Updated on October 29, 2020

Pidilite Industries Ltd, owner of Fevicol brand, has signed a definitive agreement with Huntsman Group (USA) for acquiring a 100 per cent stake in one of its subsidiaries in India - Huntsman Advanced Materials Solutions Pvt Ltd for ₹2,100 crore.


The stocks are trading at day's high of ₹1,581 apiece, up 4.13 per cent. The company has a low debt to equity ratio of -0.26 times and trading above the 200-day moving average.

Along with generating 16.22 per cent returns in the last one year, the stock has outperformed BSE 500 in each of the previous three years.

Published on October 29, 2020

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