Rajandran R Follow Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Fundamental Pick : Pidilite Industries

August 20, 2008 25 sec read

Stock : Pidilite Industries

CMP : Rs 142

Target : Rs 175

Time Frame : 4-5 months

Returns : more than 20%

Pidilite is the leader in all its major product categories viz., construction adhesives,art material
products, industrial pigments/resins. The company is taking the inorganic route to aggressively

grow its presence in the international markets which presently accounts for 8% of the revenues.

The Buy call is Simply Based on the ROE. Return on Equity which is simply more than 20% every

Year for this Stock. Technically speaking the stock popped out just above the investors buying range

and also above 20 day EMA.

Gain is Slow and Steady. Fundamental players can stick to it!!