Rs 1019 To Rs 3871 In 5 Yrs: Buy Agrochemicals Stock As Shares Can Rally To Rs 4.6K: 2 Analysts' Hot Pick

Two analysts have recommended buy call to pesticide & agrochemicals sector stock, PI Industries Ltd shares. The stock has emerged as the hot pick of both Motilal Oswal and Anand Rathi. Motilal Oswal has recommended buy call to PI Industries shares with target price of Rs 4350 apiece.

Meanwhile, another analyst Anand Rathi suggested buy call to PI Industries stock with target price of Rs 4600 apiece. Anand Rathi has listed the key factors in his brokerage report that will fuel rally in PI Industries shares soon. PI Industries shares have already offered attractive returns of 271% in last 5-years. Check details below:

PI Industries Shares Rally From Rs 1019 To Rs 3871 In 5 Years: The stock was priced Rs 1018.75 apiece on April 8, 2019 and today's stock price is Rs 3871.65 per share, respectively. If you bought 2000 shares of PI Industries 5 years ago, you would have earned massive profit of Rs 5,521,625 today and your corpus would be Rs 7,559,125. The stock offered a return of 271% in last 5-years.

PI Industries Shares Performance In Last 10-Years: The 52-week high price of Rs 4010.00 per share and 52-week low price is Rs 2997.05 per share, respectively. The large cap stock has a market capitalisation of Rs 58,739.95 crore. PI Industries Shares zoomed 11.41% year-to-date, gave return of 28% in last 1-year, zoomed 33% in last 3-years and offered gain of 1379% in last 10-years.

Anand Rathi Lists Factor To Buy PI Industries Shares: The analyst said, "PI Industries is one of India's fastest-growing, globally-integrated, highly-innovative agri-science-solutions companies. We believe Indian companies are attractively placed due to lower labour and manufacturing costs, strong R&D backup and good relations with global manufacturers/innovators, which would eventually support growth of domestic Contract Research and Manufacturing Services (CRAMS)players."

We value the company at 35x FY26e EPS (a ~15% discount to the last six years' trading multiple) with a TP of Rs4,600, considering its foray into pharma, recovery in the domestic market and strong growth in itsCSM business, added Anand Rathi.

Motilal Oswal Recommends Buy: The analyst has given buy call with target price of Rs 4350 per share.

PI Industries Dividend History: PI Industries Ltd. announced 30 dividends since August 28, 2002. In last 12 months, PI Industries announced an equity dividend of Rs 11.50 per share. If the current share price of Rs 3871.65 is taken into consideration, PI Industries offers a dividend yield of 0.30%.

PI Industries Stock Split History: PI Industries split face value of its share twice since August 17, 2011. PI Industries last split the face value of its shares from Rs 5 to Re 1 in 2013.The share has been quoting on an ex-split basis from April 12, 2013, according to Trendlyne.

PI Industries Bonus Share History: PI Industries announced bonus issues twice since March 25, 2009. The last Bonus that PI Industries Ltd declared was in the ratio 1:2 with ex-bonus date fixed as July 8, 2010.

Disclaimer: The stock has been picked from the brokerage report of Motilal Oswal and Anand Rathi. 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.