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*AAKASHAYA PATRA EXCLUSIVE STOCK FOR INVESTMENT:* 19.04.2020
PI Industries
CMP 1418 ENTRY 1380 TO 1400 STOPLOSS 1250 TARGET 1800++ TIME: 12 MONTHS

IMD has announced that it expects monsoon rainfall to be normal this year. Seasonal rainfall over the country as a whole is likely to be normal (96-104%). It will benefit companies like PI industries. PI Industries offers robust growth opportunities in the high margin segment from the medium- to long-term perspective while its debt-free balance sheet offers a high level of comfort.One brokerage is enthused about the company’s diversification into the high growth specialty chemicals business which offers a multi-year growth story. For the quarter ended December 31, 2019,the company reported consolidated sales of Rs 849.80 crore, down -6.35 per cent from last quarter
sales of Rs 907.40 crore and up 20.11 per cent from last year same quarter sales of Rs 707.50 crore. The company reported net profit after tax of Rs 121.20 crore in the latest quarter. The stock has seen sharp recovery of 40 per cent in less than last one month. Buy in phased manner


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