Buy Agrochemical Sector Stock That Can Offer Potential 35% Return: Motilal Oswal

Motilal Oswal has assigned buy call to large cap Agrochemicals/Pesticide sector stock, PI Industries Ltd with target price of Rs 4300 apiece. Current market price of PI Industries Ltd is Rs 3186.70 apiece with an intraday fall of 1.36%. If you buy PI Industries Ltd shares now, you can get potential return of 35%.

The company also declared a dividend of 4.5 per share on February 14, 2023 with record date set as February 24, 2023. Check details below:

1. PI Industries Ltd Stock Performance

The last trading price of the stock is Rs 3186.70 apiece. The stock's 52-week high is Rs 3698.50 apiece and 52-week low is Rs 2352.95 apiece, respectively. The company has a market capitalisation of Rs 48,348.01 crore.

2. PI Industries Return

The stock gave a return of 25% in last 1-year, 104% in last 3-years, and 280% in last 5-years. The company declared a consolidated total income of Rs 1663.40 crore for the quarter ended December 31, 2022, down 7.68% from last quarter total income of Rs 1801.70 crore.

3. PI Industries About

PI Industries Limited (PI) is an agri-sciences company with strong presence in both domestic and export market. PI Industries was founded and incorporated by the name 'Mewar Oil & General Mills Limited' on 31st December 1946. PI introduced several new products in the category of plant nutrients that helped it in diversifying and enriching the product portfolio. 

Disclaimer

The stock has been picked from the brokerage report of Motilal Oswal. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.