Pidilite Industries shares gained in early trading on September 6, following the announcement of a new distribution agreement with CollTech Group.
At 09:23am, Pidilite Industries was quoting at Rs 3,237.35, up Rs 31.15, or 0.97 percent, on the BSE.
Under this agreement, Pidilite will become the exclusive distributor of CollTech's comprehensive product range in India.
The partnership aims to boost CollTech’s market presence while strengthening Pidilite’s footprint in the electronics industry within the country.
Catch all the market action on our live blog
The company had reported a consolidated net profit of Rs 571 crore for the June quarter, marking a 21% increase year-on-year. Net sales also saw a 4% rise, reaching Rs 3,384 crore.
The share touched a 52-week high of Rs 3,277.80 and a 52-week low of Rs 2,293.10 on 08 August, 2024 and 26 October, 2023, respectively.
Currently, the stock is trading 1.23 percent below its 52-week high and 41.18 percent above its 52-week low.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
