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Last Updated : Jul 29, 2019 12:22 PM IST | Source: Moneycontrol.com

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.

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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.


Outlook


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 moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.




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First Published on Jul 29, 2019 12:22 pm
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