P I Industries Ltd
PIIND

850.00

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

846.65

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Reduce
Reco. Price
Rs 841.00

Last updated on 02-Dec-2016

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 27x on FY2017E EPS much higher than 5 year median of 21.3x. (Target Price – Rs 790)
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50 DMA (.)
833.90
100 DMA (.)
811.35
200 DMA (.)
719.59
Weekly Range (.)
818.45
876.40
Monthly Range (.)
726.65
904.00
52 Weeks Range (.)
497.55
921.80
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