India's Prince Pipes falls as brokerages flag demand concerns after analyst meet

Prince Pipes and Fittings

19/09/2025 10:56

** Share of Prince Pipes and Fittings PRCE.NS fall as much as 1.9% to 330.75 rupees; stock last down 1.2%

** Drop after multiple brokerages flag demand concerns after an analysts' meet with the pipes maker's management

** Motilal Oswal says PVC (Polyvinyl Chloride) pipes market remains under pressure due to volatile PVC prices and a weak demand environment

** Adds delay in implementation of anti-dumping duty (ADD) has created uncertainty within channel partners

** HDFC Securities flags concerns over demand outlook and pricing; Motilal has "buy" on PRCE while HDFC has a "reduce" rating

** ICICI Securities downgrades PRCE to "add" from "buy", but sees a potential pick-up in earnings in the second half of the fiscal year 2026

** The average rating of 11 analysts tracking PRCE is "buy"; the median price target is 350 rupees, data compiled by LSEG shows

** PRCE shares are down 21.5% in 2025 so far, lagging the 3.1% drop in the Nifty microcap 250 index .NIFTYMICROCAP250, exchange data shows

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))