CMP : Rs 142
Target : Rs 175
Time Frame : 4-5 months
Returns : more than 20%
Pidilite is the leader in all its major product categories viz., construction adhesives,art material
products, industrial pigments/resins. The company is taking the inorganic route to aggressively
grow its presence in the international markets which presently accounts for 8% of the revenues.
The Buy call is Simply Based on the ROE. Return on Equity which is simply more than 20% every Year for this Stock. Technically speaking the stock popped out just above the investors buying range and also above 20 day EMA.
Gain is Slow and Steady. Fundamental players can stick to it!!
Source/Credit: marketcalls
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