Accumulate PI Industries; target of Rs 4922: KR Choksey
Fri, Nov 15, 2024 2:28 PM

Accumulate PI Industries; target of Rs 4922: KR Choksey

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PI Industries' revenue and EBITDA missed estimates due to a domestic segment decline and increased expenses, but adjusted PAT was in line; FY26E EPS estimates were decreased to INR 140.6 due to reduced guidance and demand fluctuations. Despite this, the "BUY" rating is maintained with a target price of INR 4,922, citing new product launches and CSM export growth.

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