Pidilite - Rounding bottom pattern

Scrip price action can be seen in rounding bottom and on the verge of breakout. We can except scrip to surpass 1300+ levels this time with good volumes

Many brokerage houses are also bullish on this company

Best case study (research) -

Would plan to buy, aiming for long term investment purposes owing to strong fundamentals of the company

1) Virtually debt free with finance costs very low
2) Progressive Q1 results with rise in net sales, PAT, PBT:
3) Dividend paying company
4) Return on equity: 27.19 %
4) Attractive valuation in comparison with peers. Would prefer to allocate my capital to this company from Sanghi Industries which didnt post good results. Sanghi industries could manage to increase their income from other sources which isnt sustainable

Technical factors given in chart..

1) P/E on higher side: 59.64
2) Price to book value: 15.33
Comment: Bringing opportunity to buy on dips at support levels with bearish engulfing candlestick which has formed for last session
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