Hold Pidilite Industries, says Gaurang Shah

Gaurang Shah of Geojit Financial Services told CNBC-TV18, "I have positive coverage on Pidilite Industries and excited about innovative products getting launched, company is investing R&D, and they came out with a new product. The management said that the most successful launch is what Fevicol Hi-Per which is a niche end product."

"Peer comparison wise you don’t have any entity but look at the market share of the products, well definitely great customer recall brand and from a longer term prospective with the kind of commentary the management has shared, I am quite sure that new launches will garner larger market share and thereby improvise the quarter-on-quarter, year-on-year (YoY) numbers. So if you are not in a hurry, stay invested for long term," he added.