Pidilite Industries Ltd Hits Intraday Low Amid Price Pressure on 29 Jan 2026

Intraday Performance and Price Movement

Shares of Pidilite Industries Ltd, a key player in the Specialty Chemicals sector, underperformed the broader market during the trading session on 29 Jan 2026. The stock declined by 3.04% over the day, closing near its lowest point at Rs 1,417.3. This intraday low represented a 2.97% fall from the previous close, signalling sustained selling pressure throughout the session.

The stock's performance lagged behind its sector peers, underperforming the Specialty Chemicals sector by 1.02%. This relative weakness was compounded by the fact that Pidilite Industries is trading below all major moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish technical setup.

Market Context and Broader Indices

The decline in Pidilite’s share price occurred against a backdrop of a broadly negative market mood. The Sensex, after opening flat with a marginal gain of 24.28 points, reversed course and fell sharply by 573.32 points, or 0.67%, to close at 81,795.64. This downward movement in the benchmark index added to the pressure on stocks like Pidilite.

Despite the Sensex’s fall, some indices such as NIFTY CPSE, NIFTY METAL, and S&P BSE PSU reached new 52-week highs, highlighting a mixed market environment. However, the Sensex itself remains below its 50-day moving average, although the 50DMA is still positioned above the 200DMA, suggesting some underlying medium-term support for the broader market.

Short-Term and Medium-Term Performance Trends

Examining Pidilite Industries’ recent performance reveals a consistent pattern of underperformance relative to the Sensex. Over the past day, the stock declined by 3.14%, compared to the Sensex’s 0.67% fall. Over the last week, the stock dropped 2.57%, while the Sensex fell 0.63%. The one-month trend shows a 2.56% decline for Pidilite versus a sharper 3.43% drop in the Sensex, indicating some relative resilience in the very short term.

However, over three months, Pidilite’s share price has decreased by 6.12%, outpacing the Sensex’s 3.77% fall, signalling a more pronounced weakness in the medium term. Year-to-date, the stock has declined 4.54%, slightly worse than the Sensex’s 4.02% drop. Over the one-year horizon, Pidilite’s share price is down 1.89%, contrasting with the Sensex’s positive 6.87% gain, underscoring the stock’s relative underperformance over the longer term.

Long-Term Performance and Market Capitalisation

Despite recent weakness, Pidilite Industries has delivered strong long-term returns. Over five years, the stock has appreciated by 69.50%, slightly lagging the Sensex’s 76.71% gain. Over a decade, however, Pidilite has outperformed the benchmark significantly, with a 399.71% increase compared to the Sensex’s 228.87% rise.

Market capitalisation metrics reflect a Grade 1 rating, indicating a large-cap status, but the company’s Mojo Score has recently deteriorated to 44.0 with a Mojo Grade downgraded from Hold to Sell as of 19 Jan 2026. This downgrade reflects the current market sentiment and technical pressures weighing on the stock.

Technical Indicators and Moving Averages

From a technical perspective, Pidilite Industries is trading below all key moving averages, including the short-term 5-day and 20-day averages, as well as the longer-term 50-day, 100-day, and 200-day averages. This positioning typically signals a bearish trend and suggests that the stock is facing sustained selling pressure.

The intraday low of Rs 1,417.3 is a critical level, as it represents a near-term support test. Failure to hold above this level could lead to further downside in the short term. The stock’s relative underperformance compared to the Sensex and its sector peers adds to the cautious technical outlook.

Market Sentiment and Immediate Pressures

Investor sentiment towards Pidilite Industries appears subdued amid the broader market weakness and the stock’s technical challenges. The downgrade in Mojo Grade to Sell signals a shift in analyst sentiment, reflecting concerns over the stock’s near-term momentum and valuation pressures.

The stock’s underperformance relative to the Sensex and its sector peers suggests that investors are favouring other segments or companies within the Specialty Chemicals space. The broader market’s negative tone, as evidenced by the Sensex’s 0.67% decline, has also contributed to the downward pressure on Pidilite’s share price.

While some indices have reached new highs, the mixed market environment has not provided sufficient support to counterbalance the selling pressure on Pidilite. The stock’s inability to sustain levels above key moving averages further compounds the cautious outlook.

Summary of Key Metrics

To summarise, Pidilite Industries Ltd’s share price today touched an intraday low of Rs 1,417.3, down 2.97%, with a full-day decline of 3.04%. The stock underperformed both the Specialty Chemicals sector and the Sensex benchmark. Technical indicators remain bearish, with the stock trading below all major moving averages. The Mojo Score of 44.0 and a recent downgrade to a Sell grade reflect the current market pressures and sentiment challenges.

These factors combined have contributed to the stock’s weak intraday performance and highlight the immediate pressures facing Pidilite Industries in the current market environment.

Unlock special upgrade rates for a limited period. Start Saving Now →