India's Prince Pipes surges after brokerage points to tailwinds ahead
** Shares of Prince Pipes and Fittings PRCE.NS climb 5.5% to 346.5 rupees; their highest level in over a month
** Motilal Oswal analysts say domestic pipes sector is at the cusp of recovery, citing a gradual uptick in prices after an anti-dumping duty on PVC pipes imports and improved demand
** Expects growth momentum to recover from Q2FY26 onwards; adds product prices have bottomed out, and non-integrated pipe firms like PRCE are likely to be key beneficiaries
** Add, PRCE margins expected to improve sequentially in Q2, to reach 12% by Q4
** PRCE posted 8% EBITDA margins in Q1FY25
** Brokerage rates PRCE "Buy", TP at 440 rupees - reflecting a 25.4% upside on last close
** Stock rated "Buy" on avg, median PT at 350 rupees - data compiled by LSEG
** PRCE is down 19% so far in 2025
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