Pidilite shares rise on HSBC's positive outlook
after close1 source ↓written by the desknot a recommendation
Shares of Pidilite Industries gained on 15 July after HSBC initiated coverage with a 'Buy' rating and a price target of ₹1,890. The brokerage highlighted strong earnings visibility and a robust long-term growth outlook, citing Pidilite's extensive distribution network and strong brand portfolio as key differentiators.
HSBC's endorsement may enhance investor sentiment and drive further interest in the stock, particularly given Pidilite's leadership in India's adhesives market, led by its flagship Fevicol brand.
Not investment advice. For informational purposes only.