Pidilite

Pidilite, known for its synthetic resin adhesive Fevicol and waterproofing product Dr. Fixit, reported a 4.7% rise in cost of raw materials

Biocon, Gland Pharma, Mphasis and Bandhan Bank may move out, says note by Nuvama Alternative & Quantitative Research

Upsides from current levels may be capped due to higher valuations

The adhesive maker's inclusion to be ad hoc; analysts divided over treatment around HDFC's removal

In its market outlook the company said the global operating environment in terms of inflation, currency and supply chain disruptions remain fragile and might impact margins

BuildNext, a Kochi based tech-enabled home builder has raised 3.5 million dollars in a 'pre-series A' funding led by Pidilite Industries'. BuildNext has also secured funding from existing investors Konglo Ventures and FatEngine among others. The company, in a release said, it aims to use the capital from the latest round of funding to further expand its R&D capabilities and upgrade its Virtual Reality technology experience centres. It also plans to expand into new markets Bengaluru, Chennai and Coimbatore while strengthening its foothold in its existing ones. "We are excited to have Pidilite as one of our key investors. Our aim is to use our custom technology platform to drive transparency and overcome inefficiencies in the entire process of constructing and designing a house. We have made significant progress in research about designing and building better homes," Gopi Krishnan, Co-founder and CEO,of BuildNext said. Krishnan said the company has developed objective parameters to

The company posted a 40 per cent YoY growth in revenues at Rs2,626 crore

Further rise in raw material prices could impact near term margins

The overall trend in paints stocks is still bullish with mild profit-booking.

For this week, 11,500 - 11,600 has now become an important support zone

Flipkart, Pantaloons and Pidilite are emerging names in furniture retail, keen on making headway in a fragmented market

The firm is strong in industrial adhesives, providing solutions to sectors such as automotive, metals, packaging and aerospace

Cheaper VAM to help post Ebitda margin of 20-22%, but pricey valuation leaves no room to disappoint investors

Trading calls by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers

Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor

Competitive intensity, slowdown in construction activities and liquidity issues could make volume recovery difficult

Net profit surged by 22%, driven by 10% rise in revenue and 119 basis point jump in operating profit margin to 22%

While there are growth levers, near-term volumes have remained under pressure

Decline in cost of key raw material, favourable Rs-$ rate and price hikes of products set to enhance profitability

After Q2FY19, analysts had cut their earnings estimates of consumer firms, amid higher input costs on the back of high oil prices and a weakening Rupee