We should always be on the lookout for good investment opportunities and when there is blood on the street is the right time to get cracking and invest in parts as a SIP to make sure that you get the benefit of value averaging.
The stock in question is Pidilite industries as the Crude Oil price has dropped more than 50 percent in the last one and half month which is a boon for companies like Pidilite. Just remember that the Crude is its main raw material. So, the sharp cut in the price of this raw material will help increase its profitability and margin.
Pidilite Industries Limited is an India-based adhesives manufacturing company. It also sells art material, construction chemicals, and other industrial chemicals. Pidilite markets the Fevicol range of adhesives. Its other brands are FeviKwik, Dr. Fixit, Roff, Cyclo, Ranipal, Hobby Ideas, M-seal and Acron. Buy and stick to it like Fevicol.
Pidilite has reported strong Q3 numbers. It reported a 53.8% jump in net profit to Rs 341.78 crore in Q3 December 2019. Consolidated net sales inched up 4.3%. EBITDA before non-operating income stood at Rs 464 crore, a growth of 36%. On a standalone basis, net profit jumped 47% to Rs 330.39 crore. Net sales stood at Rs 1,663.44 crore, rising by 4.64% over the same quarter last year. Ebitda margin expanded more than five percentage points to 24%.
Pidilite’s focus is on “stimulating" volume growth. It is stepping up spends on advertising and brand promotions and is trying to expand its customer base (rural areas). The stock has corrected almost 6 percent on Friday. It is a good time to enter into this counter.
Just remember that Correction is Temporary & Growth is Permanent.
Have a look at the stock chart to understand why it should be a part of your portfolio for the long term. If it holds 1200 level, we will be able to see a quick recovery however break of 1200 mark is a negative indicator and stock will retest support at the 1140 level.
Do remember to check our stock term stock tips for your portfolio or make money on a daily basis using our intraday share trading tips as profit in hand is the real profit.
The stock in question is Pidilite industries as the Crude Oil price has dropped more than 50 percent in the last one and half month which is a boon for companies like Pidilite. Just remember that the Crude is its main raw material. So, the sharp cut in the price of this raw material will help increase its profitability and margin.
Pidilite Industries Limited is an India-based adhesives manufacturing company. It also sells art material, construction chemicals, and other industrial chemicals. Pidilite markets the Fevicol range of adhesives. Its other brands are FeviKwik, Dr. Fixit, Roff, Cyclo, Ranipal, Hobby Ideas, M-seal and Acron. Buy and stick to it like Fevicol.
Pidilite has reported strong Q3 numbers. It reported a 53.8% jump in net profit to Rs 341.78 crore in Q3 December 2019. Consolidated net sales inched up 4.3%. EBITDA before non-operating income stood at Rs 464 crore, a growth of 36%. On a standalone basis, net profit jumped 47% to Rs 330.39 crore. Net sales stood at Rs 1,663.44 crore, rising by 4.64% over the same quarter last year. Ebitda margin expanded more than five percentage points to 24%.
Pidilite’s focus is on “stimulating" volume growth. It is stepping up spends on advertising and brand promotions and is trying to expand its customer base (rural areas). The stock has corrected almost 6 percent on Friday. It is a good time to enter into this counter.
Just remember that Correction is Temporary & Growth is Permanent.
Have a look at the stock chart to understand why it should be a part of your portfolio for the long term. If it holds 1200 level, we will be able to see a quick recovery however break of 1200 mark is a negative indicator and stock will retest support at the 1140 level.
Do remember to check our stock term stock tips for your portfolio or make money on a daily basis using our intraday share trading tips as profit in hand is the real profit.
