The PVC pipe industry is coming out of a year that saw inflationary pressures and subdued demand across segments, with a reduction in government's infrastructure spending, leading to caution in inventory optimization by channel partners.
The market gained a percent to close at a five-month high. About 1,878 shares advanced, 1,503 declined and 139 remained unchanged
Net Sales are expected to decrease by 14.4 percent Y-o-Y (up 7.8 percent Q-o-Q) to Rs. 651.2 crore, according to Yes Securities.