Buy PI Industries, target price Rs 4200: Sharekhan by BNP Paribas
The brokerage expects PI’s revenue/EBITDA/PAT to post a strong CAGR of 20%/19%/19% over FY2023-FY2025E, led by robust CSM order book of $1.8 billion and ramp-up of nine new products commercialised in the last one year. Growth would further improve post integration of TRM and Archimica’s acquisition.
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