P I Industries Ltd
PIIND

891.40

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891.85

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Reduce
Reco. Price
Rs 838.70
We recommend REDUCE on the stock considering slowdown in its CSM business. Further, due to competition in rice herbicide, we expect pressure on margins. The stock is trading at P/E of 27.1x on FY18E earnings. (Target Price- Rs.778)
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50 DMA (.)
855.58
100 DMA (.)
848.37
200 DMA (.)
825.33
Weekly Range (.)
821.35
900.00
Monthly Range (.)
821.35
900.00
52 Weeks Range (.)
591.60
963.95
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