Why Numama sees 35% upside in Pidilite? 3 key factors are…
Nuvama Institutional Equities reaffirmed a 'Buy' rating on Pidilite Industries with a target price of Rs 3,660, citing strong potential in the waterproofing segment, significant headroom for growth in tile adhesives, and expanding global presence. The company's leadership and focus on white spaces were also praised. Pidilite's stock performance has been lacklustre in the past year.