PI Industries

Given healthy reservoir levels and late withdrawal of monsoon, the agricultural sector should see demand recovery, while pharma is also positioned for recovery

PI Industries is in a strong uptrend and holding the gains at higher zones.

Axis Securities remains bullish on PI Industries and has called it the stock pick of the week for investors. Here is the investment rationale of Axis Securities

At 7:09 AM, GIFT Nifty futures indicated a modest uptick of 25 points, trading at 22,626 against Nifty futures

Company results Q4 FY24: JK Tyre & Industries, Religare Enterprises, and Hitachi Energy India are poised to release the financial report for the fourth quarter today

Owing to the growth potential in the Indian chemical companies UBS has initiated coverage on four firms including PI Industries and Navin Fluorine International with 'Buy' ratings

The positive from PI Industries' perspective is the diversification of its revenue base into pharmaceuticals

The stock saw sell-off after reports indicated that the company might feel pressure on its key product -- pyroxasulfone -- due to capacity additions in China

Brokerages have upgraded estimates for firm, expect return ratios to improve

Robust order book, product pipeline will ensure steady growth of agrochem player

The management is confident of delivering 20 per cent plus revenue growth with continued improvement in margins and returns.

After a sharp rally, valuations reflect the strong Q2 show

Analysts believe overall growth was mainly led by volume scale up and price hike while favourable product mix and currencies would also have contributed to growth.

ONGC has signed 6 contracts for Discovered Small Fields (DSFs) under the DSF-III bid round. Contracts were signed for 3 offshore fields each in the Arabian Sea, Bay of Bengal

Despite cost pressures, the company was able to expand margins in Q1

The broader markets have pulled back sharply, with the benchmarks Sensex and Nifty 50 now up 15 per cent each from the June lows.

Exporters could do better as domestic firms are hit by monsoon delay, inventories

The agreement had to be cancelled due to non-completion of several pre-agreed conditions precedents by Ind-Swift Labs

PI Ind said the purchase consideration of Rs 1,530 crore will be paid in all-cash and funded from the proceeds of the completed QIP and internal accruals

The sustained level below 14,190 could drag Nifty towards 13,600-odd levels