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