BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Prabhudas Lilladher Report
We have increased our sales estimate by 5.94/4.6/4.6% for FY21/22/23 on the back of strong numbers reported by Pidilite Industries Ltd. aided by continued demand momentum in rural areas and revival in urban demand.
Business-to-business segment has also benefited from resurgence in industrial activity.
We remain positive on the company given its strong presence in water proofing and construction chemicals due to first mover advantage and strong connect with trade.
We believe investment in Huntsman will allow the company to consolidate Araldite’s leadership position in epoxy based adhesives by leveraging its strong distribution network.
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