Pidilite Industries: Investors advised to look at the stock on dips

Pidilite Industries’ Rs 2,100-crore acquisition of US-based Huntsman Corporation’s group entities in India is a positive for the adhesives manufacturing company, as it cements its leadership in the Indian adhesives and sealants market. As part of the acquisition, Pidilite will be able to manufacture and market Huntsman’s iconic brands — Araldite, Araldite Karpenter, and Araseal. Given that the brands had sales of Rs 400 crore in 2019, the acquisition is valued at 5.25x its sales. Analysts at Dalal & Broacha Research believe the deal will be complementary to .....

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