Are volume growth worries taking away Pidilite's stickiness with investors?

With close to 3 per cent decline in the last two trading sessions after its July-September 2019 quarter (second quarter, or Q2) results, the stock of Pidilite Industries has underperformed the flattish trend on the BSE Sensex.  From its all-time high of Rs 1,494.50 on September 23, it is down 13 per cent, against 3 per cent rise in Sensex. Volume growth worries in the near term are making investors jittery about the stock, which is currently trading at rich valuations of 49x its 2020-21 estimated earnings growth. The owner of popular adhesive and waterproof brands such as Fevi.....

Key stories on business-standard.com are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.