Shares of PI Industries are expected to yield a substantial profit of approximately 1,500 Rs per share in the near future.
As of 1 pm today, the stock was trading at around 3,396 Rs, marking a 1.32 percent gain.
Leading domestic brokerage firm Prabhudas Lilladher has set a target of 4,850 Rs for PI Industries,
and nine other experts are equally bullish on this stock, with an average target price of 4,311.67 Rs.
Back in 2011, the price of a single share was a modest 73.60 Rs. Since then, the stock has delivered an impressive return of over 4,509 percent.
Over the past five years, it has shown a solid 324 percent return, and in the last year alone, it saw a growth of 4.72 percent.
The stock’s 52-week high was 4,011.15 Rs, and its low was 2,868.90 Rs.
Analysts are overwhelmingly positive about PI Industries, with 20 out of 23 recommending a buy.
Of those, nine recommend an immediate buy, while two suggest holding, and just one advises selling.
Prominent financial services companies, Motilal Oswal Financial Services and JM Financial, are also bullish on PI Industries.
Motilal Oswal recommends buying with a target price of 4,560 Rs, and JM Financial has set a target of 4,250 Rs, accompanied by a Buy rating.
When examining the shareholding pattern of PI Industries, it’s important to note that this stock has zero pledges.
The promoters hold 46.9 percent of the stake, as of the September quarter. Foreign institutional investors’ stake has increased to 20.01 percent from 19.17 percent in the June quarter.
Domestic institutional investors hold 23.01 percent of the stake. During this period, mutual funds have increased their stake from 16.79 percent to 17.26 percent, while the share of other investors has decreased slightly from 10.96 percent to 10.89 percent.
