Calibrated price hikes cover 70% inflation, softening unlikely for next 6 months. We are increasing FY22/23/24 EPS estimate by 7.7%/4.1%/5.0% and upgrading to Hold on account of 1) Robust demand environment 2) Sustained pick up in organized Real estate and 3) Calibrated price increase covering 70% inflation. PIDI continues to remain a structural pick given 1) Market leadership in a low...