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Most of the pipe manufacturing companies have already published their results and the numbers have improved significantly on a sequential basis primarily led by strong demand and stabilization in raw material prices. During the first half of this financial year PVC prices declined sharply which resulted in large inventory losses but after the month of November the PVC prices started increasing and then stabilized and are currently trading at around pre-Covid level. Supreme Industries, the industry leader, is expecting 15% volume growth in FY24
ASTRAL Ltd. SUPREME Industries Ltd. $Finolex Industries Ltd. $Prince Pipes and Fittings Ltd.