Prince Pipes and Fittings' Expansion, Global Collaboration Set to Drive Growth — Market Talk
Prince Pipes and Fittings' strategic expansion and global collaboration are poised to drive growth, Axis Securities' Eesha Shah says in a research report. The integrated piping solutions manufacturer entry in eastern India via its Begusarai plant marks a significant milestone, with full operational capacity expected by 3Q FY 2026, the analyst says. Its partnerships with global companies are enabling the launch of high-margin, technologically advanced products, strengthening its premium product mix and improving its overall margins and efficiencies. The company operates across segments ranging from pipes to water tanks and bathware. The brokerage initiates coverage of the stock with a buy rating and a target price of INR400.00. Shares are 2.0% higher at INR348.35. (ronnie.harui@wsj.com)