Brokerage Radar: Jefferies on PI Industries





Maintain Buy; Hike Target Price to Rs 4,750 from Rs 4,630

Mgmt remains confident of achieving its growth guidance despite destocking in its key product

PI's Apr-May exports rose 20% y/y on stable pricing in key product and traction with new molecules

Chinese capacity in PI's key product remains significantly under-utilized

Combination patents in key product should keep pricing stable


Comments