PRINCEPIPE

March 19 (Reuters) - Prince Pipes and Fittings Ltd PRCE.NS:

• COMMENCES COMMERCIAL PRODUCTION AT BEGUSARAI, BIHAR

• UNIT EXPECTED TO HAVE CAPACITY OF 60,000 METRIC TONS CAPACITY PER ANNUM

• FACILITY TO CATER TO EASTERN MARKETS

Source text: ID:nBSEJl8TB

Further company coverage: PRCE.NS

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March 18 (Reuters) - Prince Pipes and Fittings Ltd PRCE.NS:

• PRINCE PIPES AND FITTINGS LTD - RECEIVES TAX DEMAND NOTICE FOR 265 MILLION RUPEES

Source text: ID:nNSE2880Zt

Further company coverage: PRCE.NS

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** Prince Pipes and Fittings PRCE.NS slides 8% to 339 rupees, lowest since early February 2021

** PVC pipe manufacturer posts Q3 loss of 204.2 mln rupees ($2.4 mln) vs year-ago profit of 376.3 mln rupees

** Rev drops ~7% y/y, hurt by weak demand

** Stock set for biggest one-day pct drop since mid-April 2021

** PRCE down 21% YTD

($1 = 86.8050 Indian rupees)

(Reporitng by Nishit Navin)

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** Indian pipe stocks gain between 1% and 7%

** India extends scheme to enhancing water supply for 4 years till 2028, Finance Minister Nirmala Sitharaman says in union budget

** KEC International's KECL.NS 7% jump the highest, followed by GPT Infra's GPTI.NS 6% climb

** Prince Pipes PRCE.NS up 3.4%, Hi-Tech Pipe HITC.NS rises 1%

(Reporting by Kashish Tandon in Bengaluru)

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Nov 7 (Reuters) - Prince Pipes and Fittings Ltd PRCE.NS:

• PRINCE PIPES AND FITTINGS LTD SEPT-QUARTER PAT 147.1 MILLION RUPEES

• PRINCE PIPES AND FITTINGS LTD SEPT-QUARTER REVENUE FROM OPERATIONS 6.22 BILLION RUPEES

Source text: ID:nBSE4SVZgl

Further company coverage: PRCE.NS

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Aug 1 (Reuters) - Prince Pipes and Fittings Ltd PRCE.NS:

• JUNE-QUARTER PAT 246.7 MILLION RUPEES

• JUNE-QUARTER REVENUE FROM OPERATIONS 6.04 BILLION RUPEES

Further company coverage: PRCE.NS

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** Shares of Prince Pipes and Fittings PRCE.NS advance 4.4% to 699.95 rupees, highest since early Feb

** Brokerage Nuvama says strong infra push, real-estate and agri segment demand in India are key growth drivers for plastic pipes makers

** PRCE sees 15% vol growth in FY25, Nuvama said in a note

** Retains "Buy" rating on stock, TP of 830 rupees

** Nuvama's TP on stock is the second top among 13 brokerages, per LSEG data

** Analysts' avg rating on stock is "Buy", TP of 758.5 rupees

** Stock eyes busiest trading day since mid-May, over 1 mln shares traded

** Including session's gains, stock down 5% YTD vs ~15% gains in the Nifty 500 index .NIFTY500

(Reporting by Manvi Pant in Bengaluru)

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** Shares of Prince Pipes and Fittings PRCE.NS up as much as 4.2% at 552.35 rupees

** Co said on Wednesday that it plans to buy the faucet maker brand Aquel and a plant in the state of Gujarat, from Klaus Waren Fixtures for 550 million rupees ($6.6 mln)

** Acquisition will be funded through internal accruals and is structured in two phases - PRCE

** Stock up 1.8% for the week so far, poised to snap six straight weekly losses

** Eyes third consecutive session of gains, if trend holds

** More than 194,000 shares change hands by 10:18 a.m. IST, 1.2x the 30-day avg

** Mean rating of 12 analysts covering stock is "buy;" median PT is 778 rupees - LSEG data

($1 = 83.0960 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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March 20 (Reuters) - Prince Pipes and Fittings Ltd PRCE.NS:

• ACQUIRES BATHWARE BRAND AQUEL AND PLANT LOCATED AT BHUJ, GUJARAT

• ACQUISITION FOR AN AGGREGATE CONSIDERATION OF NOT MORE THAN 550 MILLION RUPEES

Source text for Eikon: ID:nBSE5NkvyT

Further company coverage: PRCE.NS

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** Shares of Astral ASTL.NS drop 3% to 1819.05 rupees as analysts flag valuation concerns

** Pipes maker posts sequential decline in Q3 operating profit due to moderation in pipe volume growth, says Kotak Institutional Equities

** Reiterates "sell", citing rich valuation that "leaves no room for disappointment"

** Antique Stock Broking Systematix Institutional Equities also flags rich valuations despite expecting sustained earnings growth

** ASTL's trailing 12-months PE is 91.65, much higher than peers Finolex FINX.NS and Prince Pipes PRCE.NS - LSEG data

** The mean recommendation of 21 analysts tracking ASTL is equivalent of "hold"

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Shares of Venus Pipes and Tubes VENS.NS up 2.5%

** Brokerage Anand Rathi initiates coverage on VENS with a "buy" rating and a PT of 1,700 rupees

** The PT is a ~26% jump to stock's closing price on Friday

** Anti-dumping duty imposed by the govt on stainless steel and pipes imported from China up to 2028 to help Indian companies in the industry - brokerage

** Shares of rival Prince Pipes and Fittings PRCE.NS up about 9% to an over two-yr high

** Brokerage expects VENS to post revenue and EBITDA growth of CAGR 31.5% and 51.9% over FY23-26

** Venus Pipes stock up ~93% YTD vs Prince Pipes' ~26% rise

(Reporting by Kashish Tandon in Bengaluru)

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** Shares of Prince Pipes and Fittings PRCE.NS rise as much as 12.9% to 706 rupees, marking steepest intraday gain since May 14, 2021,

** Co swings to profit in Q2 from a loss last year on rise in demand for its bathware products and fall in expenses

** More than 3 mln shares change hands by 10:15 a.m. IST, 18.2x the 30-day avg

** Mean rating of 11 analysts covering stock is "buy;" median PT is 800 rupees - LSEG data

** Stock up ~17% YTD

(Reporting by Ashna Teresa Britto in Bengaluru)

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Nov 7 (Reuters) - Prince Pipes and Fittings Ltd PRCE.NS:

• INDIA'S PRINCE PIPES AND FITTINGS SEPT-QUARTER PAT 706.3 MILLION RUPEES VERSUS LOSS 241.1 MILLION RUPEES

• PRINCE PIPES AND FITTINGS SEPT-QUARTER REVENUE FROM OPERATIONS 6.56 BILLION RUPEES VERSUS 6.36 BILLION RUPEES

Source text for Eikon: ID:nBSE4vHHF6

Further company coverage: PRCE.NS

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Oct 4 (Reuters) - Prince Pipes and Fittings Ltd PRCE.NS:

• SHYAM SHARDA RESIGNED AS VICE PRESIDENT, CHIEF FINANCIAL OFFICER

Source text for Eikon: ID:nBSE2pYKB6

Further company coverage: PRCE.NS

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Aug 10 (Reuters) - Prince Pipes and Fittings Ltd PRCE.NS:

• INDIA'S PRINCE PIPES AND FITTINGS JUNE-QUARTER PROFIT 196.2 MILLION RUPEES VERSUS PROFIT 160.3 MILLION RUPEES

• PRINCE PIPES AND FITTINGS JUNE-QUARTER REVENUE FROM OPERATIONS 5.54 BILLION RUPEES VERSUS 6.04 BILLION RUPEES

Source text for Eikon: ID:nBSE3gkscF

Further company coverage: PRCE.NS

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** Shares of Prince Pipes and Fittings Ltd PRCE.NS surge as much as 6.72% at 624.90 rupees - their biggest intraday pct gain since Dec 2, 2022

** The Indian plastic pipes maker's stock posts highest level since Apr 12

** PRCE posted a 6.7% rise in Q4 profit to 941.2 mln rupees ($11.4 million) on Thursday

** Co shares trading above 50, 100 and 200-day simple moving average, indicating bullish momentum

** More than 828,271 shares changed hands by 10:10 A.M. IST, 5.4 times its 30-day average of 153,766 shares

** Co sees heaviest trading day since Apr 12

** Eight out of 9 analysts rate the stock "buy" or higher, 1 suggests "hold"; median TP 710 rupees

** YTD stock had risen ~3%

(Reporting by Hritam Mukherjee in Bengaluru)

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May 25 (Reuters) - Prince Pipes and Fittings Ltd PRCE.NS:

• MARCH-QUARTER PROFIT 941.2 MILLION RUPEES VERSUS 882.3 MILLION RUPEES

• MARCH-QUARTER REVENUE FROM OPERATIONS 7.64 BILLION RUPEES VERSUS 9.01 BILLION RUPEES

Source text for Eikon: ID:nBSEbF1WBs

Further company coverage: PRCE.NS

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