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Finolex Industries Q2 Results Review - Lower Pipe Realisation Hurt; Aims 15%+ Volume Growth In H2: Systematix

Given its low RoCE and RoIC in FY27E, the brokerage assign a lower target multiple and maintain 'Hold' rating with a revised target price of Rs 272.

<div class="paragraphs"><p>PVC pipes manufactured by Finolex Industries Ltd. (Source: Company website).</p></div>
PVC pipes manufactured by Finolex Industries Ltd. (Source: Company website).
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