Pidilite Industries' Stock Sees Decline, Experts Give 'Buy' Call for FMCG Giant

Pidilite Industries, a leading FMCG company, has been making headlines in the stock market recently. On September 18, 2024, the company's stock saw a decline of -3.1%, closing at Rs 3209. This may seem like a negative trend, but experts at MarketsMOJO have given a 'Buy' call for the stock.

Despite the recent dip, Pidilite Industries is still performing well in the market. It is currently 4.92% away from its 52-week high of Rs 3330.9. However, it did underperform the sector by -2.34% on the day of the decline. This is the third consecutive day that the stock has seen a fall, with a total decline of -4.31% in this period.

The stock touched an intraday low of Rs 3170, which is a -3.06% decrease from its previous close. Pidilite Industries' moving averages are also showing positive signs, with all of them (20 day, 50 day, 100 day, and 200 day) being higher than the current stock price. The only exception is the 5 day moving average, which is lower.

In comparison to the Sensex, Pidilite Industries' 1 day performance was -3.24%, while the Sensex only saw a -0.24% decline. However, the company's 1 month performance is still positive at 3.47%, outperforming the Sensex's 3.04% growth.

Overall, Pidilite Industries continues to be a strong player in the FMCG industry, with a largecap size. Investors can take advantage of the recent dip in stock price and consider buying shares in this company.