Stocks to watch out for today: RITES, HUL,Marico, Adani Wilmar, Adani Power, Prince Pipes , Cipla and more

Stocks in news: Adani Wilmar, Adani Power, HUL, Marico, Cipla and more

Prince Pipes & Fittings stock stood at Rs 575.90 , up 0.17% on BSE. Prince Pipes shares opened marginally higher at Rs 576 against the previous close of Rs 574.90 on BSE today.

Prince Pipes shares unchanged after promoter sells 13.27 lakh shares

Stocks to watch: Infosys, Hindustan Unilever, Info Edge, Lumax Auto, Dilip Buildcon, Cipla, Kirloskar Ferrous, Crisil, Powergrid, KEC International, RITES, Imagicaaworld, Bharat Forge, NINtec Systems, Zee Learn, HG Infra, Prince Pipes

Stocks that will see action on February 20, 2023

Prince Pipes & Fittings Ltd saw volume of 13.37 lakh shares by 10:46 IST on BSE, a 119.2 fold spurt over two-week average daily volume of 11215 shares

Volumes jump at Prince Pipes & Fittings Ltd counter

Pipe demand has improved from December as pvc prices have started stabilising post FY-to-date correction of ~35%.

Prince Pipes - Demand Trend Improving: ICICI Securities

Union Bank in its analyst meet highlighted various initiatives undertaken by the bank and the progress being made to improve the underwriting standards and focus on timely resolution of stressed assets

YES Bank, Union Bank, Arvind Fashions & Prince Pipes: Here’s what analysts say

This initiative is a part of the Company’s growth strategy to bring innovative products to the Indian markets. It will now offer a world class range of technology-oriented drainage and plumbing solutions, segmented under the modern plumbing

Prince Pipes & Fittings launches two new surface drainage solutions

Net Sales are expected to decrease by 14.4 percent Y-o-Y (up 7.8 percent Q-o-Q) to Rs. 651.2 crore, according to Yes Securities.

Prince Pipes Q2 PAT may dip 89.2% YoY to Rs. 8.2 cr: Yes Securities

Margin weakness seen in Q1FY23 is likely to intensify in Q2 for Finolex Industries, Prince Pipes and Supreme Industries, on significant inventory losses

For investors in home decor stocks, Q2 to be a forgetful quarter

Prince Pipes & Fittings to invest in limited liability partnership

Prince Pipes Q1 Review - H1 Profitability Marred By Inventory Losses; H2 To Be Much Better: ICICI Securities

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

The company manufactures polymer pipes and fittings for plumbing, irrigation and sewage disposal. . The Company distributes its products under two brands: Prince Piping Systems and Trubore Piping.