Market Sensation: P I Industries’ Share Price Surge Unveils Robust Momentum
P I Industries witnessed a commendable surge today, 26 Dec 2023, with its stock price escalating by 0.26%. The closing figure stood at 3432.1 per share, and the current trade sees it at 3441 per share. Investors are urged to keenly observe P I Industries’ stock dynamics in the imminent days to gauge its response to unfolding events.
Industries Stock Performance Today
P I Industries Share Price Today: On the last trading day, P I Industries exhibited an opening price of ₹3443.5 and a closing figure of ₹3424.9. The stock oscillated between a high of ₹3446 and a low of ₹3405. The market capitalization for the company is ₹52058.78 crore. Over the past 52 weeks, the stock’s zenith touched ₹4010, while its nadir rested at ₹2870. The day’s BSE volume marked 19672 shares.
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26 Dec 2023, 11:06:23 AM IST
P I Industries share price Live: P I Industries is currently trading at ₹3441, reflecting a 0.26% increase from yesterday’s ₹3432.1.
26 Dec 2023, 10:26:26 AM IST
P I Industries share price update: The current trading value for P I Industries is ₹3442.45, showcasing a 0.3% rise from yesterday’s ₹3432.1.
26 Dec 2023, 09:52:15 AM IST
P I Industries Live Updates
26 Dec 2023, 09:47:00 AM IST
P I Industries share price NSE Live: Trading at ₹3445.4, marking a 0.39% increase from yesterday’s ₹3432.1.
26 Dec 2023, 09:10:24 AM IST
P I Industries share price Today: Currently trading at ₹3440.55, reflecting a 0.25% surge from yesterday’s ₹3432.1.
26 Dec 2023, 08:21:00 AM IST
P I Industries share price Live: The closing figure for P I Industries on the last trading day was ₹3424.9.
Buy PI Industries; Sharekhan Targets Rs 4000
Sharekhan expresses bullish sentiment on PI Industries, endorsing a buy rating with a target price of Rs 4000 in its research report dated December 21, 2023.
The potential capex by Chinese generic players is anticipated to have minimal impact on PI Industries (PI), given the patent protection of the company’s formulations in crucial markets for the next few years. The restrained growth guidance from key customers, such as Kumiai, is unlikely to impede PI’s delivery schedule, as it remains fixed for the foreseeable future. The management maintains its earlier guidance, projecting a growth rate of 18-20% for FY2024, with optimistic long-term expectations driven by the diversification of revenue through pharma and new molecules.
The target multiple is revised to accommodate short-term demand uncertainties, resulting in a PT adjustment to Rs. 4,000. Despite this, the Buy rating on PI is maintained.
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