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PI Industries - Business Model Readied To Go Beyond Agrochemicals; Initiating, With A Buy: Anand Rathi

We value the company at 35 times FY26e EPS with a target price of Rs 4,600, considering its foray into pharma, recovery in the domestic market and strong growth in its CSM business.

<div class="paragraphs"><p>Chemical solutions kept inside a lab. (Source: pexels)</p></div>
Chemical solutions kept inside a lab. (Source: pexels)
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