PI Industries

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

Strong beat in Q3, positive management commentary sees stock gain more than 9 per cent on Wednesday

Triggers in exports and domestic businesses to continue driving earnings while pharma CSM foray takes shape

The management has accepted his request and accordingly he shall be relieved from his current responsibilities w.e.f. closing hours of August 18, 2020, the company said

For FY21, the company indicated that domestic growth would be in the 20-22 per cent band outperforming the market growth

The company posted a 43 per cent year-on-year (YoY) rise in its consolidated net profit at Rs 146 crore.

Mutual Funds increased stake by more than four percentage points to 21.19 per cent in PI Industries, while FPIs hiked their holdings by nearly two percentage points to 13.82 per cent in June quarter

Robust order book, rising international opportunities should drive earnings

Given the essential nature of production, some plants are exempted from the lockdown

The investor community, however, favours stocks which are trade above the 200-day moving average (DMA)