Pidilite declared a 1:10 split recently. The stock market reacted favorably and has bid the shares to 93 (930 pre-split). The split is hardly a value creation event. Just divides the cake (or pizza if you like the analogy) into more slices. Really does not enlarge the cake. So the company now sells at a PE of 26. Definitely not undervalued …I would say overvalued or at best fairly valued
Time to look at selling the stock ?? I think so ….