JP Morgan has reiterated its ‘Overweight’ rating on Pidilite Industries, assigning a target price of ₹3,300, citing a positive demand environment supported by macroeconomic tailwinds.
The brokerage noted that Pidilite aims to deliver double-digit underlying volume growth, backed by value growth initiatives. The report also highlights the company’s ability to maintain margins at the upper end of its historical range, driven by benign raw material prices.
However, JP Morgan cautioned that near-term weather disruptions could pose risks to demand, although the long-term outlook remains constructive.
Disclaimer: This article is based on a brokerage report and is intended solely for informational purposes. Business Upturn does not offer investment advice or stock recommendations.
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