Rs 127 to Rs 3,321: What's next for multibagger PI Industries?

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Multibagger return

Shares of PI Industries have delivered over 2,400 per cent return to its long-term investors in the last ten years [{ "selector": ".swiai-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-138.5859165384312px)", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

PI Industries on D-Street

The share price of PI Industries stood at Rs 127 on January 7, 2013. It ended at Rs 3,321.60 on January 9, 2023 [{ "selector": ".llsdm-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 428px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

Sharekhan on PI Industries

Sharekhan has a 'Buy' rating on PI Industries stock with a target price of Rs 4,200 [{ "selector": ".xbuca-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 436px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

Should you invest
in PI Industries?

Sharekhan believes PI’s strong balance sheet provides ample scope for organic and inorganic growth over the medium to long term [{ "selector": ".bssiq-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 429px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

Angel One on PI Industries

Angel One broking has a 'Buy' call on PI Industries with a target price of Rs 4,000 [{ "selector": ".cnstx-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 435px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

Analysts on PI Industries

A foray into new segments like electronic chemicals and APIs will help drive growth over the next 3-4 years for the company, as per Angel One broking [{ "selector": ".btmjt-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 408px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

About PI Industries

PI Industries manufactures agrochemicals, plant nutrients and plant protection, speciality fertilisers and hybrid seeds [{ "selector": ".pmgbo-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 421px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

Disclaimer

The stock mentioned in the story is for information purpose only. Investors or market participants should consult their financial advisors before taking any position [{ "selector": ".garne-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 408px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

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