Buy Pidilite Industries, target Rs 1,275: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Pidilite Industries Ltd. with a target price of Rs 1275. The current market price of Pidilite Industries Ltd. is Rs 1254.55. Time period given by the analyst is Intra Day when Pidilite Industries Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 1240
Pidilite Industries Ltd., incorporated in 1969, has a market cap of Rs 63728.62 crore.

Pidilite Industries Ltd. key Products/Revenue Segments include Consumer Family Products which contributed Rs 4542.80 Crore to Sales Value (82.73 % of Total Sales), Industrial Products which contributed Rs 892.35 Crore to Sales Value (16.25 % of Total Sales) and Others which contributed Rs 55.81 Crore to Sales Value (1.01 % of Total Sales)for the year ending 31-Mar-2018.


For the quarter ended 31-03-2019, the company has reported a Consolidated sales of Rs 1638.93 Crore, down -11.33 % from last quarter Sales of Rs 1848.30 Crore and up 10.34 % from last year same quarter Sales of Rs 1485.31 Crore Company has reported net profit after tax of Rs 235.40 Crore in latest quarter. The company’s top management includes Mr.A B Parekh, Mr.A N Parekh, Mr.B S Mehta, Mr.Bharat Puri, Mr.M B Parekh, Mr.N K Parekh, Mr.Piyush Pandey, Mr.Sabyaschi Patnaik, Mr.Sanjeev Aga, Mr.Uday Khanna, Mr.Vinod Dasari, Mrs.Meera Shankar. Company has Deloitte Haskins & Sells as its auditoRs As on 30-06-2019, the company has a total of 507,979,930 shares outstanding.