Pidilite Industries Ltd , owner of Fevicol brand, has signed a definitive agreement with Huntsman Group (USA) for acquiring a 100 per cent stake in one of its subsidiaries in India - Huntsman Advanced Materials Solutions Pvt Ltd for ₹2,100 crore.
The stocks are trading at day's high of ₹1,581 apiece, up 4.13 per cent. The company has a low debt to equity ratio of -0.26 times and trading above the 200-day moving average.
Along with generating 16.22 per cent returns in the last one year, the stock has outperformed BSE 500 in each of the previous three years.