Pidilite Industries ltd.: is the Manufacturer of Fevicol Brand, the largest selling adhesives in Asia.
This stock was first discussed on 29.8.2008 , at market price of Rs. 139/-. since then the company has given 1:1 bonus in March'2010. the current Market price as on 14.6.2013 is Rs. 272/-, i.e., the stock has grown by about four times in less than five years.
Currently in a correction mode and consolidating around Rs. 275/-. Likely to move up to Rs. 300/- to 320/- range in the next 6-12 months.
This stock was first discussed on 29.8.2008 , at market price of Rs. 139/-. since then the company has given 1:1 bonus in March'2010. the current Market price as on 14.6.2013 is Rs. 272/-, i.e., the stock has grown by about four times in less than five years.
Currently in a correction mode and consolidating around Rs. 275/-. Likely to move up to Rs. 300/- to 320/- range in the next 6-12 months.
This 54 years old company operates in niche area of speciality chemicals for construction Industry, Industrial sealants, branded consumer and bazaar products include paints, adhesives, waterproofing coatings, bioshield -anti-bacterial coatings and art material for kids. Fevicol,Fevikwik, Fevicryl, M-Seal, Roff, Dr.Fixit, Steelgrip, Fevi Stik, Pidifix and Pidiseal are its famous brands including Heat shield -Heat reducing exterior coatings.
Pidilite Industries is the market leader in adhesives and sealants, construction chemicals, hobby colours and polymer emulsions in India. Its brand name Fevicol has become synonymous with adhesives to millions in India and is ranked amongst the most trusted brands in India.
The company has very strong in-house R & D facilities and its products are far superior than its competitors. It is fast becoming a FMCG product company with literally no competition. A top quality investment stock from Gujarat. Will deliver over 20% annual compounded returns in next 5-10 years period.
For further details please visit, www.pidilite.com
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