Pidilite Industries rallies over 6% after Goldman Sachs upgrades stock
Tue, Oct 31, 2023 1:03 PM

Pidilite Industries rallies over 6% after Goldman Sachs upgrades stock

A Flip by Shubhangi Gupta
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Shares of Pidilite Industries surged 6.3% after Goldman Sachs upgraded the stock to 'buy' from 'sell' with a target price of Rs 2,725/share. The S&P BSE Sensex was down 1%. Analysts noted that new growth levers are emerging for the adhesive manufacturer and expected Ebitda margins to expand by 515bps due to lower input costs. Promoters, mutual funds and FIIs changed their holdings in Q2.

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