Dwindling fortunes: Is Pidilite losing its grip over investors?
The December quarter (Q3FY23) earnings did not do much to revive weak investor sentiments. The adhesives manufacturer’s Q3 results failed to meet analysts’ expectations on crucial parameters.
Fevicol-maker Pidilite Industries Ltd’s bond with investors for its stock has weakened by an unfavourable combination of elevated input costs and subdued demand. The December quarter (Q3FY23) earnings did not do much to revive weak investor sentiments.
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