Hold Pidilite Industries, target Rs 875: Shahina Mukadam
Shahina Mukadam, Independent Market Expert told CNBC-TV18, “The last quarter numbers were good but Pidilite Industries was not really rewarded for it and the management commentary also was good. From a 12 percent volume growth, they are talking about a 15 percent volume growth.
“The GST and the demonetisation that impacted the last couple of quarters, things are looking up with low cost housing, etc. picking up. This stock should do well going forward. So one should hold, maybe look for a target of something like Rs 875. Keep a stop loss of Rs 810,” she added.