India's Prince Pipes and Fittings rises after Axis Securities initiates with 'buy'

** India's Prince Pipes and Fittings NSE:PRINCEPIPE rises 1.77% to 347.2 rupees

** Axis Securities initiates coverage with "buy" and a price target of 400 rupees, implying a 15.2% upside to current price

** Brokerage says co has established itself as a first mover in innovative products and projects through strategic partnerships

** Adds that partnerships with global companies are enabling the launch of high-margin, technologically advanced products, strengthening the premium product mix

** Brokerage notes co has expanded into water tanks and bathware, and is poised to rise India's real estate wave by providing plumbing and drainage solutions

** Expects revenue, core profit and profit after tax to grow at CAGR of 15%, 35% and 64%, respectively, from FY25 to FY28