InvestorQ : what are the future prospects of PI industries? can I stay invested?
sumankoka made post

what are the future prospects of PI industries? can I stay invested?

Answer
image
Ria Jain answered.
3 months ago
Follow

I am not sure if you are aware but PI Industries has now emerged as the most valuable agrochemical company in India. The stock gas corrected a little over 10% from the peak and offers a good entry point for an investor. Let me talk about the prospects of the stock from a more fundamental perspective.

If you look at pure valuations then above 50 may look steep but that company has been growing rapidly in the last few years and almost quarter after quarter. The stock almost tripled from the lows of March, largely on the back of robust Kharif output and solid demand from rural India where the demand was not really dented by the pandemic.

The new introduction of the private sector in the MRP setting based on market forces will be beneficial to farmers as was proven recently in Karnataka. That should translate into the farmers having a higher ability to invest in inputs like agrochemicals and fertilizers to enhance production. Surely, the prospects are looking good.

1 Views