{"id":47811,"date":"2022-06-11T16:30:00","date_gmt":"2022-06-11T11:00:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=47811"},"modified":"2022-06-11T10:31:56","modified_gmt":"2022-06-11T05:01:56","slug":"buy-this-chemical-stock-for-a-target-price-of-3440-angel-broking","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/buy-this-chemical-stock-for-a-target-price-of-3440-angel-broking\/","title":{"rendered":"Buy this Chemical Stock for a target price of \u20b93440: Angel Broking"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1189617527\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>PI Industries Ltd is a major player in the agrochemicals industry, with a significant presence in both the domestic and international markets. The shares of the company closed at \u20b92576 on Friday. In the past five sessions, the shares have come down by 3.95%. They are also down 15.59% on a year-to-date basis<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3030061475\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The shares achieved their all-time high of \u20b93533.30 on 14th September 2021 and are currently trading at a discount of 26.90% from their all-time high. It is currently moving below the 20 days, 50 days, 100 days and 200 days EMA on the daily chart.<\/p><p><strong>Angel One has given a target of \u20b93440 for the shares on a long-term horizon, which is an upside of 33% from its current market price.<\/strong><\/p><p>In FY22, the CSM business accounted for more than 70% of the company&#8217;s revenues, and it is expected to continue to be the company&#8217;s primary growth driver in the future.<\/p><div class=\"trade-content_5\" id=\"trade-3391239760\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Due to its strong relationship with global agrochemical players, the company has witnessed an increase in its share of high-margin CSM business. It is leveraging its chemistry expertise and looking to expand its CSM portfolio to include electronic chemicals, pharmaceutical APIs, and fluoro chemicals, among other things.<\/p><p>Angel One expects PI Industries to post revenues &amp; PAT at a CAGR of 17% &amp; 24% between the FY22-FY24, driven by 20% growth in the CSM business over 2-3 years. In addition, the company&#8217;s expansion into new segments such as electronic chemicals and APIs will help drive growth over the next 3-4 years.<\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2638697052\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>PI Industries Ltd is a major player in the agrochemicals industry, with a significant presence in both the domestic and international markets. The shares of the company closed at \u20b92576 on Friday. In the past five sessions, the shares have come down by 3.95%. They are also down 15.59% on a year-to-date basis The shares [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":35876,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[3262,3912,3263,2063,948,936,3153,3157,3158],"class_list":["post-47811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-chemical-stocks","tag-multibagger-stock-to-watch","tag-speciality-chemicals","tag-speciality-chemicals-company","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stock-to-watch-in-2022"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Buy this Chemical Stock for a target price of \u20b93440: Angel Broking - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/buy-this-chemical-stock-for-a-target-price-of-3440-angel-broking\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buy this Chemical Stock for a target price of \u20b93440: Angel Broking\" \/>\n<meta property=\"og:description\" content=\"PI Industries Ltd is a major player in the agrochemicals industry, with a significant presence in both the domestic and international markets. 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