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<ul><li>Indian <keyword id="74523" type="PERSON" weightage="20" keywordseo="Adhesive">adhesive</keyword> maker <keyword id="38797" type="COMPANY" weightage="20" keywordseo="pidilite">Pidilite</keyword> has announced that it has acquired Huntsman Group’s Indian subsidiary for ₹2,100 crore.</li><li>HAMS Group makes brands like <keyword id="9445587" type="COMPANY" weightage="20" keywordseo="araldite">Araldite</keyword>, Araldite Karpenter, and Araseal in India. </li><li>After the announcement, Pidilite shares jumped by over 4% as of 10.40 am. </li></ul>Fevicol-maker Pidilite has announced that it has acquired Huntsman Group’s Indian subsidiary, Huntsman Advanced Materials Solutions (HAMS), for ₹2,100 crore. HAMS Group makes brands like Araldite, Araldite Karpenter, and Araseal in India. The acquisition announcement led to a surge in the Indian adhesive giant Pidilite’s shares, which saw an over 4% rally as of 10.40 am. <div type="image" title="pidilite." msid="78925501" hostid="261"></div> What does Pidilite gain? With the acquisition, Pidilite will also get a trademark license to sell Araldite in the Middle East, Africa, and ASEAN countries. The company said that Huntsman would receive as much as 90% of the cash consideration while the balance 10% will be under an earnout within 18 months if the business achieves sales revenue in-line with 2019. In 2019, the company had posted a revenue of ₹400 crore. “With this acquisition, Araldite will add to the already very strong portfolio of Pidilite’s adhesive and sealant brands and will complement our retail portfolio. We are confident that this acquisition will create significant shareholder value through strong revenue and cost synergies,” said Bharat Puri, Managing Director, Pidilite Industries in a statement. While Pidilite is yet to announce its second-quarter results, for the first three months of the current financial year, Pidilite had posted a profit of ₹15.82 crore, a massive fall from its profits of ₹294.39 crore in Q1FY20. Its revenue was also down by 56% year-on-year to ₹897.4 crore. However, its minuscule profit was better than what analysts had expected – a <a href="https://www.businessinsider.in/business/corporates/news/covid-crashed-profit-and-pidilite-industries-couldnt-fix-it-yet/articleshow/77394385.cms">complete washout</a>. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/byjus-backer-lightspeed-india-invests-in-a-live-tutoring-platform-teachmint/articleshow/78924152.cms">BYJU'S backer Lightspeed India invests in a live tutoring platform Teachmint</a>

Pidilite shares surge as the 61-year old company acquires Araldite maker for ₹2,100 crore

<ul><li>The 30-share BSE index was trading 559.76 points higher, while the broader NSE Nifty regained the 12,000 mark at 10:00 am.</li><li>Here’s a list of the top losers and gainers in the Nifty pack. </li><li>These are the top stocks that are buzzing in trade today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Strong start on Dalal Street on Thursday, with Indian benchmark indices tracking gains in index-heavyweights Reliance Industries, Infosys, SBI, amid positive cues from global markets. The 30-share BSE index was trading 559.76 points higher, and the broader NSE Nifty climbed 1.37%, regaining the 12,000 mark at 10:00 am. Here’s a list of the top losers and gainers in the Nifty pack. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Gainers </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Losers </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SBI India </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hero Motocorp </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HCL Tech </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Power Grid </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Grasim </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Titan </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">BPCL </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">UPL </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> </td></tr></tbody></table>*as of November 5, 9:50 am State Bank of India shares leap over 6% The shares of State Bank of India gained over 6% for the second day in a row after the bank reported a <a href="https://www.businessinsider.in/finance/banks/news/sbis-profit-jumps-over-50-in-q2-plans-to-outperform-the-industry-in-credit-growth/articleshow/79039165.cms">51.88% surge in its standalone net profit </a>for the quarter ended September 30. The net interest income (NII) was up 14.56% to ₹28,181 crore in the quarter under review. <keyword id="38797" type="COMPANY" weightage="20" keywordseo="pidilite">Pidilite</keyword> Industries shares gained over 2% The shares of Fevicol maker, Pidilite Industries, gained over 2% after it reported a 9.66% increase in consolidated net profit to ₹356.44 crore for the quarter ended September 30. The company’s revenue from operations rose 4.08% at ₹1,880.33 crore during the quarter under review. <keyword id="799" type="CITY" weightage="20" keywordseo="PVR">PVR</keyword> and <keyword id="105311" type="COMPANY" weightage="20" keywordseo="INOX-Leisure">INOX Leisure</keyword> share gains over 2% The shares of PVR and Inox Leisure gained over 2% after <a href="https://www.businessinsider.in/india/news/maharashtra-government-allows-reopening-of-cinema-halls-with-50-capacity-from-november-5/articleshow/79041693.cms?upcache=2">the Maharashtra Government has now allowed cinema halls</a> to open in areas outside containment zones, with 50% of their seating capacity from today. JK Lakshmi Cement trades 3% higher The shares of JK Lakshmi Cement were trading 3% higher on Thursday after the company reported an 86.90% rise in consolidated net profit to ₹92.93 crore for the second quarter ended September 30, helped by cost reduction. The revenue from operations rose 11.79% to ₹1,131.74 crore during the quarter under review. <keyword id="6471024" type="COMPANY" weightage="20" keywordseo="basf">BASF</keyword> shares soar 12% The shares of chemical manufacturer BASF soared 12% after it registered <a href="https://www.business-standard.com/article/news-cm/basf-india-standalone-net-profit-rises-17614-66-in-the-september-2020-quarter-120110401129_1.html">17615% </a>growth in its standalone net profit to ₹410.98 crore for the quarter ended September 30. The company had reported a net profit of ₹2.32 crore during the same quarter last year. <keyword id="10224242" type="UNKNOWN" weightage="20" keywordseo="happiest-minds-tech">Happiest Minds Tech</keyword> shares crash over 6% The shares of Happiest Minds Tech crashed over 6% during the trade today after its net profit was down 32% quarter-on-quarter to ₹34.08 crore. Although it registered a growth of 28% y-o-y, the sequential drop left the investors in a worry. <keyword id="151144" type="COMPANY" weightage="20" keywordseo="SRF">SRF</keyword> shares gain 6% The shares of chemicals maker SRF gained over 6% after its consolidated net profit rose 57% to ₹316 crore for the quarter ended September 30. The consolidated revenue of the company increased by 21% to ₹2,101 crore. SEE ALSO:<a href="https://www.businessinsider.in/politics/world/news/2020-election-see-insiders-comprehensive-guide-to-the-presidential-and-top-congressional-races/articleshow/78878848.cms" data-type="tilCustomLink"> LIVE RESULTS: Biden inches towards 270 electoral votes win with results still outstanding in 4 key states</a> <a href="https://www.businessinsider.in/stock-market/news/top-stocks-to-watch-pvr-inox-leisure-sbi-cards-hpcl-pidilite-industries-adani-power-berger-paints-and-others/articleshow/79053310.cms" data-type="tilCustomLink">Top stocks to watch — PVR, Inox Leisure, SBI Cards, HPCL, Pidilite Industries, Adani Power, Berger Paints, and others</a>

Top stock movers — SBI, HCL Tech, SRF, BASF, Happiest Minds Tech, Pidilite, PVR, INOX Leisure, and others

<ul><li>The SGX Nifty was trading 0.81% lower at 7:55 am, indicating a negative start for Nifty50. </li><li>Here’s a list of stocks to watch for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider. </a></li></ul>Even amid positive cues from the global markets, the Indian equities are likely to open in the red on Thursday. The SGX Nifty was trading 0.81% lower at 7:55 am, indicating a negative start for Nifty50. However, the US stock markets also soared on Wednesday, as investors shrug off the undecided election. The Dow Jones Industrial Average closed 368 points higher, and the S&amp;P 500 gained 2.2%. These are the stocks to watch out for during the trading session on November 5: PVR and Inox Leisure PVR and Inox Leisure stocks will be in focus during the trade today after <a href="https://www.businessinsider.in/india/news/maharashtra-government-allows-reopening-of-cinema-halls-with-50-capacity-from-november-5/articleshow/79041693.cms?upcache=2">the Maharashtra Government has now allowed cinema halls</a> to open in areas outside containment zones with 50% of their seating capacity from today. The shares of PVR and Inox Leisure ended 1% and 2% higher on Wednesday, respectively. HPCL The board of the Hindustan Petroleum (HPCL) approved a ₹2,500 crore share buyback plan as the company management feels the share price is lower than the value it deserves. In a stock exchange filing, HPCL said it would buy back up to 10 crore shares for no more than ₹250/share. The net profit of the company also nearly doubled in the second quarter led by a surge in refining margins and inventory gains. The net profit in July-September stood at ₹2,477 crore as compared to ₹1,052 crore in a year-ago period. The shares of HPCL ended 0.83% higher on Wednesday, SBI Cards SBI Cards and Payment Services (SBI Card) has launched credit cards in partnership with the digital payment platform Paytm. Available in two variants, Paytm SBI Card and Paytm SBI Card SELECT, the product has been launched on the Visa platform. The shares of SBI Cards ended 0.53% higher on Wednesday, JK Lakshmi JK Lakshmi Cement reported an 86.90% rise in consolidated net profit to ₹92.93 crore for the second quarter ended September 30, helped by cost reduction. The revenue from operations rose 11.79% to ₹1,131.74 crore during the quarter under review. The shares of JK Lakshmi ended 4% higher on Wednesday, Jubilant Life Sciences The board of Jubilant Life Sciences approved raising up to ₹100 crore via non-convertible debentures (NCD). The shares of Jubilant Life Sciences ended 2% higher on Wednesday, Pidilite Industries Fevicol maker Pidilite Industries reported a 9.66% increase in consolidated net profit to ₹356.44 crore for the quarter ended September 30. The company’s revenue from operations rose 4.08% at ₹1,880.33 crore during the quarter under review. The shares of Pidilite Industries ended 0.36% lower on Wednesday, Aditya Birla Capital, Adani Power, Berger Paints India and Emami Aditya Birla Capital, Adani Power, Berger Paints India and Emami are slated to report their second-quarter earnings today. SEE ALSO:<a href="https://www.businessinsider.in/politics/world/news/here-are-trump-and-bidens-paths-to-victory-based-on-where-the-election-currently-stands/articleshow/79044299.cms" data-type="tilCustomLink"> How Trump and Biden can win based on where the election stands now</a> <a href="https://www.businessinsider.in/business/auto/news/india-may-announce-vehicle-scrappage-policy-soon-and-this-is-what-it-means-for-consumers-and-new-buyers/articleshow/79041346.cms" data-type="tilCustomLink">India is looking to bring in the vehicle scrappage policy soon — here’s what it means for you</a> <a href="https://www.businessinsider.in/finance/banks/news/sbis-profit-jumps-over-50-in-q2-plans-to-outperform-the-industry-in-credit-growth/articleshow/79039165.cms" data-type="tilCustomLink">SBI’s profit jumps over 50% in Q2 — India’s largest bank plans to outperform the industry when it comes to credit growth</a>

Top stocks to watch — PVR, Inox Leisure, SBI Cards, HPCL, Pidilite Industries, Adani Power, Berger Paints, and others

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Pidilite shares surge as the 61-year old company acquires Araldite maker for ₹2,100 crore

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Top stock movers — SBI, HCL Tech, SRF, BASF, Happiest Minds Tech, Pidilite, PVR, INOX Leisure, and others

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Top stocks to watch — PVR, Inox Leisure, SBI Cards, HPCL, Pidilite Industries, Adani Power, Berger Paints, and others

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