Jefferies has reiterated its Buy rating on PI Industries, setting a target price of ₹5,100, which implies a 13.4% upside from the current market price (CMP) of ₹4,499.15. PI Industries saw strong performance in CSM exports, achieving double-digit revenue growth. Domestic revenue was in line with expectations, while the pharma segment slightly exceeded projections. Management, however, has revised FY25 revenue growth guidance to a high-single-digit rate.
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