Pidilite Share Price: Shares of Fevicol maker Pidilite traded in the green on Tuesday, November 22, on the back of a positive view by the global brokerage firm USB. At 11:20 AM, the counter quoted Rs 2,687 apiece on NSE, gaining 1 per cent.

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USB in its report said that high inflation and negative consumer sentiments will have an impact on demand. It has cut FY23 Earnings Per Share (EPS) estimate by 9 per cent on elevated raw material costs and higher advertisement spending in H2.

The report added that the company's input costs have almost doubled in the last 30 months but the management is optimistic and does not see any structural issues.

UBS has maintained 'neutral' rating on the counter and sees up to Rs 200 upside apiece. The brokerage house has revised the target to Rs 2,850 from the previous target of Rs 2,662.

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