PI Industries extends rally, soars 12% in two days on better growth outlook

Shares of PI Industries moved higher by 9 per cent to Rs 3,410.70 on the BSE in Thursday’s intra-day trade amid heavy volumes on better growth outlook. In past two days, the stock of pesticides & agrochemicals company has soared 12 per cent after the company reported December quarter (Q3FY23) earnings. The management is confident of delivering 20 per cent plus revenue growth with continued improvement in margins and returns.

At 11:27 AM; PI Industries quoted 7 per cent higher at Rs 3,340, as compared to 0.56 per cent rise in the S&P BSE Sensex. The average trading volumes