Damdar Diwali: Sethi Finmart says 'buy' PI Industries for 14 pct gains
Share to buy: On account of strong fundamentals and government's focus on the rural economy PI Industries share price is going to zoom 14% by Diwali 2020.
Share to buy: On account of strong fundamentals and government's focus on the rural economy that may trickle down towards the agriculture company, Sethi Finmart is expecting around 14 per cent returns in the PI Industries share price in the next one year. It has advised share market investors to buy PI Industries shares at the current market price of Rs 1324 per stock levels for the target of Rs 1500 by Diwali 2020.
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Speaking on the PI Industries share price Vikas Sethi, Research Analyst at Sethi Finmart said, "PI Industries has a strong order book to the tune of Rs 10,000 crore and it has a strong and healthy R&D pipeline. Apart from this, it has launched two blockbuster molecules and the company has recently set up a new plant that reflects strong fundamentals of the PI Industries counter."
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Vikas Sethi further added that PI Industries will get the benefit of various government policies that aim to double the farmer's income by 2022. He said that the Indian government's rural economy focussed policies are going to trickle down at various agro-based industries and in that regard, PI Industries is going to become one of the biggest beneficiaries of such a rural economy focussed government policy. Vikas Sethi said that PI Industries has targeted annual growth rate of around 20-22 per cent in FY2020 that also sounds good about the future of the company.
NOTE: Zee Business brings to you an exclusive line up of programming for Diwali 2019 with experts, insights & sharp acumen under Zee Business Damdar Diwali show. A Diwali treat for you! Starting soon from October 14 only on Zee Business.in.
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