P I Industries Ltd
PIIND

853.45

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Turnover (lac)
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Day's Vol.(shares)

855.00

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Reco. Price
Rs 886.40
We recommend a REDUCE on the stock considering stretched valuations and weak revenue guidance. Moreover, slowdown in CSM business is expected to drag revenue growth. Stock is trading at P/E of 21.2x on FY2017E EPS much higher than 5 year median of 21.2x. (Target Price– Rs.800)
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50 DMA (.)
864.21
100 DMA (.)
848.27
200 DMA (.)
810.11
Weekly Range (.)
843.15
914.70
Monthly Range (.)
810.25
914.70
52 Weeks Range (.)
550.35
963.95
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