Motilal Oswal Recommends Buying PI Industries with a Target Price of Rs 4560

Motilal Oswal has issued a buy call on PI Industries Ltd., setting a target price of Rs 4560. As of the latest market data, PI Industries Ltd.’s current market price stands at Rs 3440.

PI Industries Ltd., a prominent player in the Pesticides/Agro Chemicals sector, was incorporated in the year 1946. With a market capitalization of Rs 51,930.84 Crore, it operates as a Large Cap company.

PI Industries Ltd.’s key Products/Revenue Segments include Agri inputs, Export Incentives, Sale of services, and Scrap, as per the financial year ending on March 31, 2022.

In the financial quarter ending on June 30, 2023, PI Industries reported a Consolidated Total Income of Rs 1957.30 Crore. This figure represents an increase of 21.19% compared to the Total Income of Rs 1615.10 Crore in the previous quarter and a rise of 24.88% compared to the Total Income of Rs 1567.30 Crore during the same quarter of the previous year. Moreover, the company achieved a net profit after tax amounting to Rs 378.20 Crore during the latest quarter.

Promoters continue to have a significant stake in PI Industries, holding 46.09% of the company as of June 30, 2023. Furthermore, FIIs (Foreign Institutional Investors) have an ownership of 19.17%, while DIIs (Domestic Institutional Investors) own 23.78%.

This recommendation by Motilal Oswal reflects its positive outlook on PI Industries, indicating potential growth opportunities for investors in the company’s stock.

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