Finace And Stock

Buy PI Industries, target price Rs 3375: HDFC Securities

HDFC Securities has buy call on with a target price of Rs 3375. The current market price of PI Industries Ltd. is Rs 3220.

Time period given by analyst is 2 weeks when PI Industries Ltd. price can reach defined target.

PI Industries Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 48725.79 Crore) operating in Pesticides/Agro Chemicals sector.



PI Industries Ltd. key Products/Revenue Segments include Agri inputs, Export Incentives, Sale of services and Scrap for the year ending 31-Mar-2021.

Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 1221.50 Crore, down -1.60 % from last quarter Total Income of Rs 1241.30 Crore and up 14.34 % from last year same quarter Total Income of Rs 1068.30 Crore. Company reported net profit after tax of Rs 184.00 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 46.7 per cent stake in the company as of June 30, 2021, while FIIs held 19.7 per cent, DIIs 22 per cent and public and others 11.6 per cent.

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