Page 2 - Pvc Pipe

Plastic pipe makers may underperform in near term on Omicron stress

Weak Q3, lower PVC prices, demand uncertainty are key concerns

Pipe makers face margin pressure; may underperform in the near term

While the sector has grown at 10% over the last five years till FY21, it is expected to grow at a faster pace of 12% until FY25

Astral hits new high on board nod to merger of adhesive arm Resinova

In the past one month, the stock of Astral has rallied 27 per cent, as compared to a 5 per cent rise in the S&P BSE Sensex

Realty revival to push PVC pipe sales, prop Supreme Industries stock

Strong demand for plastic pipes, higher value-add mix drive earnings upgrade

High margins of plastic pipe makers unlikely to sustain going forward

Volume recovery and cost rationalisation may offset some of the pressure on margins

Lubrizol, Grasim Industries partner for India's largest CPVC resin plant

The project will be done in two phases, with the first phase of production expected to be operational in late-2022

Monsoon demand to revive PVC pipe manufacturers' margins in June quarter

Players like Finolex Industries, Astral Poly Technik and Supreme Industries set to harvest rich dividend