Business Standard

Growth concerns weigh on PI Industries; stock slips 12% in 2 days

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

PI Industries forms JV with Japan's Mitsui Chemicals for agrochemicals
Premium

SI Reporter Mumbai

Listen to This Article

Shares of PI Industries continued to stay under pressure for a second straight day on Wednesday, down 3 per cent at Rs 3,389.95 on the BSE in the intraday trade, on growth concerns. The stock of the pesticides & agrochemicals company slipped 5 per cent from its intraday high of Rs 3,577.05 today.

In the past two trading days, the market price of PI Industries has dipped 12.5 per cent after reports indicated that the company might feel pressure on its key product -- pyroxasulfone -- due to capacity additions in China.

Brokerage firm Motilal Oswal Financial Services (MOFSL) has, however,

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in