The brokerage house, Axis Securities, has given a ’hold’ rating to PI Industries after conducting a thorough analysis. According to the brokerage, the target price for the stock is ₹4,980, indicating a 7% upside from the current market price of ₹4,668.50 (Thursday’s close).The brokerage claims that PI Industries is still committed to finding new development prospects.
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Open FlipAnand Shah, Head of PMS & AIF Investments at ICICI Prudential AMC, is bullish on banking and power sectors, citing favorable risk-reward balance in large-cap banking stocks and rising electricity consumption in power sector, and also sees growth potential in auto ancillaries with diversified customer base.
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