BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Religare maintains hold on Pidilite Industries
Religare increased target price on the stock to Rs 600 from Rs 560 earlier. Q3 earnings were better than expectation on the back of 11-12 per cent volume growth. Operating margins increased 600 basis points to 22.2 per cent due to lower raw material costs. Raise estimates for FY16 and FY17 by 2.1 per cent and 1.7 per cent respectively.