PIDILITE TRIGGERS Buy at CMP 1023 for Target of 1090 to 1195, Time frame - 5 months to 18 Months, SL - 955 Pidilite Industries Ltd's Q3FY18 consolidated net profit rises 17.32% yoy to Rs237.04cr, Standalone net sales were up 20% with underlying volume up 22% yoy and Consolidated Revenue For Q3FY18 Came In At Rs1,542.90cr, An Increase By 15.6% Yoy. Pidilite Industries is going to acquire 70 per cent equity stake in CIPY Polyurethanes for ₹96.4 crore. The acquisition would enable Pidilite Industries to participate in the growth of the resin flooring and floor coatings market. CIPY Polyurethanes is engaged in the business of manufacture and sale of floor coatings using polyurethanes, epoxies, polyurea and polyaspartic polymers. Exports to more than 80 countries , Major exports to Middle east, Africa , USA & Europe - Total revenue from overseas subsideries of 599 Cr in FY 17 Pidili
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