Buy Pidilite Industries Ltd., target Rs 830.0 : Edelweiss Financial Services

Edelweiss Financial Services has Buy call on Pidilite Industries Ltd. with a target price of Rs 830.0. The current market price of Pidilite Industries Ltd. is 708.45. Time period given by analyst is year, when Pidilite Industries Ltd. price can reach defined target. Edelweiss said the company has been clocking strong overall volume growth for its in-house as well as acquired portfolio. It said the company is also expected to benefit from the 7th Pay Commission payout and GST. The stock is trading at PE of 34.5x FY18 estimated earnings.