Pidilite Industries has announced that Monday will be the final trading session for investors to purchase shares and qualify for the company's upcoming bonus issue. This move comes as part of a broader corporate action that also includes Time Technoplast.

Bonus Issue Details

Pidilite Industries, known for its popular adhesive brands like Fevicol and M-Seal, will issue one free bonus equity share for every fully paid-up equity share held. The bonus shares will have a face value of Rs 1.00 each. The company has set Tuesday, September 23, as the record date to determine eligible shareholders for this bonus issue.

Important Dates

| Event | Date | |:-------------------------------------|:------------------------------|: | Last Day to Buy | Monday (before record date) | | Record Date | Tuesday, September 23 | | Bonus Shares Credit Date | Wednesday, September 24 | | Trading Availability of Bonus Shares | From September 25 |

T+1 Settlement Cycle

It's crucial for investors to note that under India's T+1 settlement cycle, shares must be purchased at least one trading day before the record date to qualify for the bonus issue. This explains why Monday is the last day for investors to buy Pidilite Industries shares to be eligible for the bonus.

About Pidilite Industries

Pidilite Industries is a leading manufacturer of adhesives, sealants, construction chemicals, and industrial chemicals in India. The company is renowned for its household brands such as Fevicol and M-Seal, which have become synonymous with adhesives in the Indian market.

Concurrent Action by Time Technoplast

In a similar move, Time Technoplast has also announced a bonus issue with the same timeline. The company will offer one free bonus equity share of Rs 2.00 face value for every share held, with the same record date as Pidilite Industries.

This concurrent action by two different companies highlights a period of corporate activity in the Indian stock market, potentially aimed at rewarding shareholders and increasing liquidity in their respective stocks.

Investors interested in participating in these bonus issues should ensure they complete their share purchases by the end of Monday's trading session to meet the eligibility criteria set by both Pidilite Industries and Time Technoplast.

Pidilite Industries and HDFC Bank (ISIN: INE318A01026) have emerged as standout performers in the Indian stock market, achieving a remarkable feat of delivering positive returns every calendar year since 2015. This consistency sets them apart from over 6,500 listed companies in India.

Consistent Performance

Pidilite Industries and HDFC Bank have shown impressive resilience in their stock performance:

• In 2015, HDFC Bank rose by 14.00%, while Pidilite Industries gained 2.00%.
• Both stocks achieved their strongest performance in 2017, with gains exceeding 50.00% each.
• Even during challenging market conditions in 2018 and 2020, both companies maintained positive returns ranging between 13.00-27.00%.
• In the current year, HDFC Bank is up 9.00%, while Pidilite has risen 5.00%.

Outperformance and Recent Trends

• Between 2015 and 2019, both stocks consistently outperformed the Nifty 50 index.
• In recent years, despite maintaining positive returns, they have underperformed the benchmark.

Analyst Sentiment

HDFC Bank

• 96.00% 'buy' ratings from 49 analysts
• Consensus price target: Rs 1,115.28
• Implied upside: 14.20%

Pidilite Industries

• 61.00% 'buy' ratings from 18 analysts
• Consensus price target: Rs 3,293.11
• Implied upside: 7.80%

Valuation Metrics

HDFC Bank

• Current price-to-book ratio: 2.60 times
• Five-year average price-to-book ratio: 2.80 times

Pidilite Industries

• Current forward P/E ratio: 60.00 times
• Five-year average forward P/E ratio: 68.00 times

The consistent performance of Pidilite Industries and HDFC Bank over the past decade highlights their resilience and strong market position. While past performance does not guarantee future results, the positive analyst sentiment and current valuation metrics suggest continued interest in these stocks among market participants.