Prince Pipes, one of the top plastic pipe manufacturers in India, has experienced a significant decline in its stock price, dropping by around 50% from its peak. Currently, the stock is trading at ₹428.

The company's recent quarterly performance has been strong, thanks to improved realizations. Looking ahead, the medium-term prospects for Prince Pipes are positive due to government spending on housing and infrastructure, which is expected to boost volumes. Furthermore, the implementation of anti-dumping duties on PVC resin imports is anticipated to provide additional benefits to the company.

Prince Pipes has set a capital expenditure guidance of ₹330-350 crores for FY25, and analysts recommend accumulating shares for both short-term and long-term investment strategies. Although the current valuations are considered high, the outlook remains optimistic due to potential opportunities in the Chinese market and protective measures affecting the tire industry.