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    G
    General Industrials
    SECTOR | 02 Dec 2022

    Worst is behind; better times ahead

    buy
    General Industrials
    by ICICI Securities Limited
    ICICI Securities Limited
    We expect plastic pipe companies to witness volume pick-up from H2FY23E onward
    due to significant correction in base raw material prices (PVC resin) by ~43% FY23-TD
    (now closer to pre pandemic levels and 10-year average) resulting in increased demand from two of the major user-sectors: agriculture and plumbing.
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