Pidilite Industries: Investors advised to wait for better entry point

The Pidilite Industries (Pidilite) stock has gained over 9 per cent since the company posted its June quarter results on August 6, outperforming a 2.2-per cent rise in the Sensex over this period. While benign input costs (mainly of vinyl acetate monomer), led by range-bound crude oil prices and business recovery in recent months have helped, strong growth visibility over the medium to long term has also been supportive. Analysts, however, find valuations uncomfortable at current levels. Pidilite is the market leader in India’s adhesives market and owns popular brands such as Fe.....

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