PI Industries Ltd up by 9.79 percent | Espresso

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Espresso Shot of the Day - PI Industries Ltd up by 9.79 percent

November 09, 2022
Espresso Shot of the Day - PI Industries Ltd up by 9.79 percent

PI INDUSTRIES LTD 3620.00  (+9.79%) BSE –INE603J01030 | 9th November 2022

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Founded in 1946, PI Industries Ltd is one of India’s leading Agrisciences and Fine Chemical companies with a unique business model of providing innovative solutions to farmers. Simultaneously, the company partners with global innovator companies across the value chain – from Custom Synthesis to manufacturing to co-marketing and distribution of their products. Powered by deep R&D expertise, PI has a significant footprint in the Indian crop protection market and a strong legacy of leading brands that bring value-added offerings to over 3 million farmers and retailers in India and globally.


Recent Drivers

  • On November 9,2022, PI Industries reported a net profit of Rs. 334.80 crores in September 2022, up 45.82% from the Rs. 229.60 crores reported in September 2021.
  • On November 9,2022, PI Industries Ltd reported a net sale of Rs. 1,770 crores in September 2022, up 30.7% from the Rs. 1,354.20 crores reported in September 2021. Higher revenue growth was led by stellar performance from CSM (exports) segment. 
  • On September 23,2022, the company reappointed Mr. Mayank Singhal, as Vice Chairperson & Managing Director of the Company w.e.f. October 01, 2022,
  • On August 3,2022 the company launched a product whose name is “BROFREYA”. This is an insecticide and caters to the domestic market.
  • On May 17,2022, the company recommended a final dividend of Rs. 3 per equity share i.e 300%, for the financial year 2021-22 subject to approval of the members in the ensuing Annual General Meeting. Ex-date for the same was August 25,2022.


        (Sources: BSE, Money control, Business Standard)


Technical Force

  • S&P BSE 100 month till date gain by 0.85%.
  • 3 months avg. NSE volume: 282,170
  • Quantity traded: 1,37,726| Deliverable quantity: 57,115 (41.47%).
  • Stock price jumped by more than 50 % from a one-year low level: 2,334.35 (January 27, 2022)
  • Daily RSI (14) is in overbought territory today.
  • 52-week-high: 3,698.50| 52-week-low: 2,334.35.


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

5268.23

4400.77

3717.38

2849.92

2166.53

1299.07

615.68

-

Fibonacci Pivot

4400.77

3808.34

3442.34

3206.61

2849.92

2493.22

2257.49

1891.49

1299.07


Today’s Close

3620.00

SMA

BSE

10 DAY

3282.08

20 DAY

3173.90

50 DAY

3175.67

200 DAY

2856.46


Some Key Ratios (Source: BSE)

Market Cap:  54,921.96 Crores

PE:  60.92

OPM%: 24.09

ROE%:  14.93

Promoters holding%: 46.09

Prev. Close:  3297.25


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The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Espresso Financial Services Pvt. Ltd bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Espresso Financial Services Pvt. Limited is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.