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Buy PI Industries; target of Rs 1280: Sharekhan

Sharekhan is bullish on PI Industries has recommended buy rating on the stock with a target price of Rs 1280 in its research report dated July 26, 2019.

July 29, 2019 / 12:22 PM IST
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Sharekhan's research report on PI Industries

Management reiterated its growth guidance of more than 20% on revenue front and 50-100 bps margin expansion at operating level. We expect the company to post revenue and earnings CAGR of 20.6% and 31.1%, respectively, during FY2019-FY2021E. Strong performance continues with revenue, EBITDA and PAT surging by 24.5%, 28.4% and 23.6% y-o-y, respectively, during Q1FY2020.


We maintain our Buy rating on PI Industries with an unchanged PT of Rs. 1,280/share.

For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Jul 29, 2019 12:22 pm

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