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Supreme Industries, Astral, Prince Pipes Gets Motilal Oswal's 'Buy' Rating As It Initiates Coverage
Motilal Oswal believes pipe companies may offer a good upside from current levels considering strong industry tailwinds and valuation comfort.
27 Jun 2025, 12:27 PM IST 
Over the past year, stock prices have corrected substantially for Supreme Industries, Astral and Prince Pipes, primarily owing to a decline in PVC resin prices (leading to inventory loss) and a subdued demand environment.
(Source: freepik)
Supreme Industries, Astral, and Prince Pipes are some of the key players operating in the Indian plastic piping space. The brokerage believes these companies are well-positioned to gain further market share and deliver healthy earnings, hence initiates coverage on Supreme Industries, Astral, and Prince Pipes.
