Buy Pidilite Industries, see 17% return: Ashish Chaturmohta

Pidilite Industries | Company reported consolidated profit at Rs 356.4 crore in Q2FY21 against Rs 325 crore, revenue rose to Rs 1,880.3 crore from Rs 1,806.6 crore YoY.

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26 Aug, 2025 12:21

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Ashish ChaturmohtaSanctum Wealth Management

Pidilite Industries is in long-term uptrend forming tops and higher bottoms on the weekly chart. After touching high of Rs 1195 in the month of May, stock corrected down to Rs 1019 levels. Here price has taken support at 50% retracement of the rise from Rs 845 to Rs 1195.

Also, the price has taken support at 89-day exponential moving average and holding above it. Relative strength index has given positive crossover with its average on the daily chart.

Thus, the stock can be bought at current levels and on dips to Rs 1040 with a stop loss below Rs 1010 for a target of Rs 1190 levels.

Disclaimer: The views and investment tips expressed by investment expert on Moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.