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