Pidilite Industries stock gains on sales growth, margin recovery hopes

Easing raw material prices are a key trigger for the adhesive market leader

Pidilite Industries

Pidilite Industries | Photo: Wikipedia

Ram Prasad Sahu
The share price of consumer major Pidilite Industries, which manufactures Fevicol, on Monday was the highest gainer among the BSE 100 stocks.

The fourth-largest consumer company by market capitalisation gained 5.3 per cent in trade, outperforming the peer index -- the BSE Fast Moving Consumer index -- which was up 1.2 per cent, and the Sensex, which gained 0.46 per cent.

The stock uptick for the owner of the Dr Fixit and Fevikwik brands, apart from Fevicol, comes amid expectations of lower raw material costs, market share gains, and demand recovery. These triggers, coupled with reasonable valuations, led to upgrades

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First Published: Jun 20 2022 | 8:56 PM IST

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