Buy Pidilite Industries, target Rs 775: Tejal Shah

Tejal Shah of Edelweiss Financial Services has a buy call on Pidilite Industries Ltd. with a target price of Rs 775.0. The current market price of Pidilite Industries Ltd. is Rs 732.2. Time period given by analyst is Intra Day, when Pidilite Industries Ltd. price can reach defined target. Tejal Shah recommended to keep stop loss at Rs 706. The stock has hit a high of Rs 734.50 and low of Rs 726.05 so far in trade. The scrip has been moving above most of its crucial moving averages. Of late, it has taken support from its 20-day moving average placed at Rs 713.95 level. The stock is trading at a P/E of 53.29 and a price-to-book value of 16.84.