Sell Pidilite Industries, target Rs 687: Geojit BNP Paribas

Geojit BNP Paribas maintains a sell rating on Pidilite Industries with a target of Rs 687 and a stop loss of Rs 716.

The stock has run up significantly in the recent past and is showing signs of exhaustion. The momentum oscillators like RSI and Stochastics are giving overbought signals. MACD has crossed the signal line from above hinting at more downside.