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    HomeNewsBusinessStocksBuy PI Industries; target of Rs 4560: Motilal Oswal

    Buy PI Industries; target of Rs 4560: Motilal Oswal

    Motilal Oswal is bullish on PI Industries recommended buy rating on the stock with a target price of Rs 4560 in its research report dated August 10, 2023.

    Broker Research
    August 16, 2023 / 13:51 IST
    Buy
       
       
      26 Aug, 2025 12:21
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      Motilal Oswal's research report on PI Industries

      PI recorded a strong growth in 1QFY24 (revenue up 24% YoY), led by robust growth in the CSM business (revenue up 33% YoY); however, the domestic business again witnessed muted growth (down 13% YoY). EBITDA margin expanded 210bps YoY, led by operating leverage and a favorable product mix.

      Outlook

      We maintain our FY24/FY25 earnings estimates. We reiterate our BUY rating on the stock with a TP of INR4,560.

      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.

      PI Industries - 15 -08 - 2023 - moti

      Broker Research
      first published: Aug 16, 2023 01:50 pm

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