Citi maintains Sell on PI Industries with ₹2,375 target as 1Q EBITDA fell 29% YoY.
Lower Agro CSM exports, weak margins, and losses in Pharma, biologicals hurt earnings.
Livesquawk •
HSBC maintains Hold on PI Industries, cutting target price to ₹2,720 due to weak exports, higher costs, and lower realisations.
Core business demand remains muted; new segments need investments. Stock corrected 24% in six months, trading at 28x FY28E EPS.
Livesquawk •
Jefferies retains Buy on PI Industries with ₹2,910 target despite EBITDA/PAT missing estimates by 8%/15%.
FY27 growth guidance cut to low-single-digit; EPS for FY27/FY28 reduced by 12%/11%.