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Asian Paints eyeing Pidilite’s turf may be good news for the latter

videos | Dec 22, 2020 11:10 AM IST

Asian Paints eyeing Pidilite’s turf may be good news for the latter

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Pidilite Industries is a market leader in both construction chemicals as well as waterproofing. A few days back, the management of Asian Paints told CNBC-TV18 that they were extremely bullish on the waterproofing and construction chemical sector.

Pidilite Industries is a market leader in both construction chemicals as well as waterproofing. A few days back, the management of Asian Paints told CNBC-TV18 that they were extremely bullish on the waterproofing and construction chemical sector.

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The waterproofing market is worth Rs 7,000 crore, and Pidilite is the market leader in this segment. If you are a Pidilite shareholder, you could look at it in one of the two ways— more competition or a vote-of-confidence in one of Pidilite’s strongholds by a player of Asian Paints’ calibre.
Lower prices of crude—a key raw material—is working to Pidilite’s advantage at this point. Also, if there is a flight to safety, Pidilite will benefit.
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