India's Pidilite to benefit from easing raw material costs - analysts

Pidilite Industries

10/05/2023 09:06

** Shares of Pidilite Industries Ltd  PIDI.NS  climb as much
as 2.96%, biggest intraday gain since Dec. 29, 2022
    ** Co on Monday reported 11.3% climb in Q4 net profit and
7.3% growth in topline
    ** ICICI Securities says co has near-term benefits on
falling raw material costs and real estate sector pickup
    ** Stock likeable for strong growth prospects, market
leadership in some categories and robust balance sheet - ICICI
    ** Rating house retains "add" rating, PT unchanged at 2,650
rupees, 7.2% above Tuesday's close
    ** Motilal Oswal expects healthy earnings growth on easing
key raw material costs
    ** Reiterate neutral rating on stock - MO analysts
    ** Trade volume of ~952,900 shares as of 1:13 P.M., 2.6
times the 30-day average
    ** Four analysts rate stock 'buy' or higher, 5 'hold' and 10
'sell' or lower, as per Refinitiv IBES data
    ** Including session's gains, stock has fallen 1.22% so far
this year

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))