Prince Pipes Share Price: BSE 1000 stock in focus as brokerages turn bearish, cut target on sluggish industry growth outlook – Markets

Prince Pipes Share Price: BSE 1000 stock in focus as brokerages turn bearish, cut target on sluggish industry growth outlook - Markets


Prince Pipes Share Price: Global and domestic brokerage firms have given a bearish outlook for Prince Pipes and Fittings, citing muted industry volume growth and rising competitive intensity. Both firms have reiterated their ‘reduce’ rating while trimming target prices, even as the company guides for 12–15 per cent volume growth in FY27. Analysts flagged near-term concerns such as elevated channel inventory, margin pressures and slower-than-expected industry demand, which could weigh on stock performance despite longer-term growth drivers like product premiumisation, capacity expansion and gains in the CPVC segment.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)



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