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Are volume growth worries taking away Pidilite's stickiness with investors?

Competitive intensity, slowdown in construction activities and liquidity issues could make volume recovery difficult

Shreepad S Aute 

With close to 3 per cent decline in the last two trading sessions after its July-September 2019 quarter (second quarter, or Q2) results, the stock of Pidilite Industries has underperformed the flattish trend on the BSE Sensex. From its all-time high of Rs 1,494.50 on September 23, it is down 13 per cent, against 3 per cent rise in Sensex.

Volume growth worries in the near term are making investors jittery about the stock, which is currently trading at rich valuations of 49x its 2020-21 estimated earnings growth. The owner of popular adhesive and waterproof brands such as Fevicol, ...

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First Published: Mon, November 18 2019. 17:29 IST
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