Prince Pipes And Fittings

A sharper-than-expected decline in PVC prices following the lack of anti-dumping duty (ADD) and the withdrawal of BIS norms has further worsened the operating environment

The brokerage has initiated coverage on Astral and Supreme Industries, while re-initiating coverage on Prince Pipes & Fittings

Axis Securities values the company at 27x FY27E EPS, we arrive at a target price of ₹400 per share, implying an upside of 18 per cent from the current market price

While the near-term demand environment remains muted due to volatile PVC prices and weak trade sentiment, Prince Pipes remains confident of delivering high single-digit volume growth in FY26.

Resin prices level out and housing demand returns, unclogging earnings channels for industry majors

Prince Pipes, Astral, Supreme Industries, and other plastic pipe stocks jumped up to 8.8 per cent in trade; check reasons, recommendations

Leading companies like Prince Pipes, Astral, and Supreme Industries are aggressively entering related markets like industrial components, water tanks, and bathware

Analysts attributed this outlook to India's burgeoning real estate sector recovery and robust infrastructure developments, which are driving demand for plastic pipe manufacturers like Prince Pipes

Across Asia, trading sentiment dipped as retail sales data fell short of street expectations, with a modest 2.3 per cent increase in April compared to the previous year

In the past one year, the stock has zoomed 680 per cent as against a 56 per cent rally in the S&P BSE Sensex