Pidilite Industries hits fresh high ahead of board meet; up 26% in 3 months

Jannie Delucca

Shares of Pidilite Industries hit a history high of Rs one,645, up four for each cent, on the BSE on Thursday ahead of its scheduled board conference nowadays to take into account interim dividend for the monetary yr 2019-2020. The inventory surpassed its preceding high of Rs one,609 touched on February 14, 2020.

The company has mounted March 16, 2020 as the history day to decide /determine the members entitled to the acquire interim dividend. The inventory will switch ex-dividend on March 13, BSE information demonstrates.

A single of the primary companies of adhesives, sealants, development substances, customer adhesive, and specialty substances, Pidilite outperformed the industry through the previous a few months by surging 26 for each cent, as in opposition to a five for each cent drop in the S&P BSE Sensex.

Very last month, Pidilite Industries had entered into a definitive agreement with Tenax SPA (Tenax Italy) for

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