Pidilite rises to highest in 7 months on earnings

Pidilite rises to highest in 7 months on earnings
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First Published: Fri, May 22 2009. 12 25 AM IST
Updated: Fri, May 22 2009. 12 25 AM IST
Mumbai: The country’s biggest producer of adhesives, Pidilite Industries Ltd, climbed to the highest in more than seven months after profit more than doubled. The shares climbed as much as 19.5% to Rs120.5, the highest since 7 October, in Mumbai trading.
Profit in the fourth quarter ended 31 March rose to Rs67.57 crore from Rs33.49 core a year earlier, the company said in a statement on Thursday. Revenue rose to Rs387 crore from Rs376 crore.
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First Published: Fri, May 22 2009. 12 25 AM IST