Buy Pidilite Industries, target Rs 750: Motilal Oswal
Pidilite offers a high-quality discretionary play due to its strong competitive positioning, proven in-market excellence and an impeccable track record of generating long-term shareholder value over multiple periods
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| Updated: Motilal Oswal maintains a buy rating on Pidilite Industries with a 12-month target price of Rs 750. The March quarter marked yet another quarter of a strong operating performance from Pidilite. A potentially normal monsoon could further revive demand for the company.
Pidilite offers a high-quality discretionary play due to its strong competitive positioning, proven in-market excellence and an impeccable track record of generating long-term shareholder value over multiple periods.
"We continue to like the franchise, notwithstanding the stock's near-term rich valuation. Maintain Buy, with a revised target price of Rs 750. PIDI still remains one of our preferred consumer plays," said the Motilal Oswal report.
Pidilite offers a high-quality discretionary play due to its strong competitive positioning, proven in-market excellence and an impeccable track record of generating long-term shareholder value over multiple periods.
"We continue to like the franchise, notwithstanding the stock's near-term rich valuation. Maintain Buy, with a revised target price of Rs 750. PIDI still remains one of our preferred consumer plays," said the Motilal Oswal report.
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