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Will building material stocks emerge new comeback kids
Among pipe makers, Astral Poly Technik has gained 42 per cent in three months while Prince Pipes and Supreme Industries have both rallied 15 per cent.
Synopsis
Shares of building materials companies have rallied between 15 per cent and 80 per cent in the last three months. Despite this rally, many of them are considered to have re-rating or turnaround potential in the near term.
Mumbai: Suppliers of building materials such as plumbing pipe, tile, sanitaryware and MDF (medium-density fibreboard) in the organised segments are likely to outperform the market in 2021, according to analysts.
Stocks like Prince Pipe, Greenply Industries, Somany Ceramics, Astral Poly Technik, Supreme Industries, Pidilite and Kajaria Ceramics can be good picks for the New Year, they said. An impressive performance by real estate stocks in ....

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