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Neutral on Pidilite Industries, target price Rs 3,200: Motilal Oswal Financial Services
Motilal Oswal Financial Services has issued a neutral rating for Pidilite Industries with a target price of Rs 3,200. Despite a market-leading position in adhesives and a strong brand, high operational expenses limit potential growth. Pidilite reported a total income of Rs 3292.03 crore and a net profit after tax of Rs 541.52 crore for the quarter ending 30-Sep-2024.
