Latest news with #PIIndustries
Business Upturn
5 days ago
- Business
- Business Upturn
PI Industries shares rise nearly 4% after Kumiai Chemical ups FY25 profit forecast by 34%
By Aditya Bhagchandani Published on June 4, 2025, 10:55 IST Shares of PI Industries surged 3.55% to ₹3,947.60 on Tuesday after Kumiai Chemical, a key customer and collaborator, significantly revised its second-quarter forecast for FY25. The Japanese agrochemical major raised its operating income forecast by 34.3%, citing stronger-than-expected exports in the Agricultural Chemicals and Agriculture-Related Business segments. Kumiai now expects operating income of 9,400 million yen, up from the previously projected 7,000 million yen. Net sales are forecast to increase 8.7% to 96,100 million yen. This positive revision signals improved demand and advanced shipments to overseas partners, including India's PI Industries, which has long maintained a strategic relationship with Kumiai for product development and global distribution. The upbeat outlook buoyed investor sentiment in PI Industries, sending its stock higher on above-average volumes. The market cap of PI Industries now stands at ₹595.19 billion. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Mint
29-05-2025
- Business
- Mint
Jefferies issues cautious outlook on Indian chemical sector; favors PI Industries and Navin Fluorine
Jefferies has released its latest sectoral update on Indian chemical stocks, delivering a mixed outlook as the industry continues to grapple with muted demand trends and intensifying global pressures. While the brokerage remains cautious on the near-term prospects of the sector, it has identified selective opportunities for investors, recommending a "buy" on PI Industries and Navin Fluorine, while retaining an 'underperform' rating on SRF. According to Jefferies, the global agrochemical landscape remains under stress. Major innovators in the segment are forecasting flat revenue growth in 2025, while pricing pressure in key markets like Latin America persists. Additionally, elevated Chinese exports are creating a supply glut, intensifying competitive pressure across global markets. Crop prices, meanwhile, remain volatile and have failed to offer any significant boost to sentiment. The refrigerant gas (refgas) segment, another key sub-sector, also displayed weakness, with demand largely flat on a year-on-year basis during the March 2025 quarter. This indicates a broader slowdown in industrial consumption trends that is weighing on the performance of several chemical players. Despite the overall softness, Jefferies has expressed optimism on PI Industries, assigning the stock a "buy" rating with a price target of ₹ 4,200, suggesting a potential upside of 9 percent. The brokerage acknowledged short-term headwinds in PI's Custom Synthesis Manufacturing (CSM) portfolio and a slower-than-expected ramp-up in its pharma vertical. However, it noted that traction in newly commercialized products and biologics offers long-term potential. Valuation-wise, the stock currently trades one standard deviation below its historical average, presenting what Jefferies calls an 'attractive entry point' for long-term investors. Navin Fluorine also finds a place in Jefferies' buy list, backed by earnings visibility from new product launches in agrochemicals and Contract Development and Manufacturing Organization (CDMO) segments. The brokerage sees a promising outlook post the March quarter, especially with the recent long-term contract signed with global major Chemours. While near-term earnings estimates remain unchanged, Jefferies expects a robust Compounded Annual Growth Rate (CAGR) of 35 percent in EPS between FY2025 and FY2027. Its target price for Navin Fluorine stands at ₹ 5,280, implying a 23 percent upside. On the other end of the spectrum, Jefferies has reiterated its 'underperform' stance on SRF, assigning a target price of ₹ 2,336. While the company has seen a modest recovery in chemical volumes due to front-loaded US imports, Jefferies remains skeptical of a sustained cyclical upturn. It also highlighted valuation concerns, with the stock trading close to two standard deviations above its long-term average—a level the brokerage deems unattractive in the current environment of limited growth visibility. Overall, Jefferies' latest update underscores the complex dynamics facing Indian chemical stocks. While the sector as a whole faces near-term headwinds from global supply pressures and sluggish demand, select companies like PI Industries and Navin Fluorine stand out for their innovation pipeline, earnings visibility, and attractive valuations. However, Jefferies cautions that investors should remain discerning, especially in high-valuation names like SRF, where the risk-reward profile remains skewed amid uncertain recovery timelines. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
28-05-2025
- Business
- Business Standard
PI Ind, Hero Moto, Insecticides India: Analyst pick 3 stocks to buy today
Stocks to Buy Now PI Industries share: Buy above ₹3,780 Stop loss: ₹3,630 Share price target: ₹4,050 PI Industries share price has taken support at the 50-EMA on the monthly chart and rebounded above the 21-EMA and 9-EMA, indicating a strong positive trend. On the daily chart, PI Industries stock is moving within a rising parallel channel, with a recent shortfall near the lower band suggesting potential for an upward breakout. Increased volumes on buying days signal strong buyer interest. Additionally, the RSI is positioned in the higher zone, supporting bullish momentum. Overall, the technical setup indicates strength, with expectations of further upside Buy between ₹750-810 Stop loss: ₹650 Share price target: ₹1,100-1,300 On the weekly time frame, Insecticides share price has given a breakout above its 23-week resistance, indicating a bullish shift in trend. A decline in volume on sell days, coupled with a steady rise during buy days, suggests accumulation by market participants. The share price is trading above major EMAs, reinforcing the positive trend. The RSI is moving in the northern direction, supporting the ongoing price action. Additionally, the DI+ is above DI−, confirming the uptrend, while the ADX above DI− signals strength in the current move. Overall, the stock reflects a strong bullish structure with potential for further upside. Hero MotoCorp share: Buy between ₹4,200-4,350 Stop loss: ₹3,900 Share price target: ₹5,050-5,300 Hero MotoCorp share price appears to be riding the third sub-wave of its first impulsive wave, suggesting the early stages of a larger uptrend. The stock is trading above its major EMAs, which supports the bullish momentum. An increase in volume during recent sessions indicates growing buying interest. The Directional Indicator shows DI+ above DI−, confirming the uptrend, while the ADX trading above DI− signals strength in the current move. This confluence of wave structure, moving averages, volume, and directional indicators suggests a strong bullish setup with potential for continued upside in the near term.
Business Standard
20-05-2025
- Business
- Business Standard
P I Industries consolidated net profit declines 10.55% in the March 2025 quarter
Sales rise 2.65% to Rs 1787.10 crore Net profit of P I Industries declined 10.55% to Rs 330.50 crore in the quarter ended March 2025 as against Rs 369.50 crore during the previous quarter ended March 2024. Sales rose 2.65% to Rs 1787.10 crore in the quarter ended March 2025 as against Rs 1741.00 crore during the previous quarter ended March 2024. For the full year,net profit declined 1.27% to Rs 1660.20 crore in the year ended March 2025 as against Rs 1681.50 crore during the previous year ended March 2024. Sales rose 4.07% to Rs 7977.80 crore in the year ended March 2025 as against Rs 7665.80 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 1787.101741.00 3 7977.807665.80 4 OPM % 25.4925.38 - 27.3126.28 - PBDT 522.40491.20 6 2494.502202.90 13 PBT 432.20411.30 5 2142.001894.70 13 NP 330.50369.50 -11 1660.201681.50 -1
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Business Standard
19-05-2025
- Business
- Business Standard
Q4 results today: IndiGo, BEL, DLF, Pfizer, ONGC, Power Grid Corp on May 19
Q4 FY25 company results today: New India Assurance, NLC India, PI Industries, Borosil, Everest Industries and Gujarat Gas will be among 98 firms to post earnings reports for the Jan-Mar quarter New Delhi Power Grid Corporation of India (PGCIL), Bharat Electronics (BEL), and IndiGo airline parent Interglobe Aviation will be among 98 companies to release their fourth quarter (Q4) earnings report for the financial year 2024-25 (FY25) on May 19. These companies will also release their performance report for the entire financial year that ended on March 31, 2025. ONGC, DLF, Pfizer, New India Assurance, NLC India, PI Industries, Borosil, Everest Industries and Gujarat Gas will also be among some of the major companies to post their performance report for the quarter and year that ended on March 31, 2025. Other companies releasing their performance report for the January-March quarter include Hindalco, Dixon Technologies India, Dredging Corporation of India, and Piccadily Agro Industries. Market overview May 19 Indian equity benchmarks ended lower on Friday, May 16, as investors booked profits at higher levels. The BSE Sensex declined 200.15 points or 0.24 per cent to close at 82,330.59, while the NSE Nifty50 slipped 42.30 points or 0.17 per cent to 25,019.80. Markets may open flat on Monday, May 19, with GIFT Nifty at 25,063, down 16 points as of 7:50 AM, amid a lack of fresh directional cues. List of firms releasing Q4 FY25 results on May 19 Bharat Electronics ACME Solar Holdings Binani Industries Borosil CMS Info Systems Cravatex DLF Dodla Dairy DOMS Industries Eris Lifesciences Everest Industries Globus Spirits GMR Power and Urban Infra Gujarat Gas HEG Hindustan Media Ventures Hindustan Foods Honda India Power Products IG Petrochemicals Innova Captab IRB Infrastructure Developers JK Paper Jupiter Wagons Karur Vysya Bank Kwality Pharmaceuticals Kaveri Seed Company One Mobikwik Systems Mold-Tek Packaging Navneet Education NCL Research & Financial Services The New India Assurance Company NLC India Northern Arc Capital Petronet LNG Pfizer PI Industries Power Grid Corporation of India Quess Corp Restaurant Brands Asia Redington Repro India Sun Pharma Advanced Research Company Steel Exchange India
