Shares of PI Industries surged 2.41% to Rs 4,238 in today’s session after Kumiai Chemical reportedly announced an upward revision in its full-year guidance. Kumiai has reportedly increased its Revenue, EBITDA, and PAT estimates by 4%, 15%, and 14.2%, respectively. This development holds significant importance as PI Industries exports 65-70% of its Pyroxysulfone to Kumiai Industries.
Stock Performance As of 12:56 PM, PI Industries was trading at Rs 4,238, up by 2.41% or Rs 99.90 on the NSE, reflecting strong investor sentiment following the announcement. The company’s stock has seen consistent demand owing to its robust export relationship with Kumiai Chemical.
Pi Industries Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Tue, Dec 3 2024
|
₹4,115.00
|
₹4,138.10
|
|
|
Mon, Dec 2 2024
|
₹4,090.00
|
₹4,095.20
|
|
|
Fri, Nov 29 2024
|
₹4,046.05
|
₹4,065.50
|
|
|
Thu, Nov 28 2024
|
₹4,150.00
|
₹4,042.55
|
-1.39%
|
|
Wed, Nov 27 2024
|
₹4,103.80
|
₹4,099.70
|
-0.10%
|
|
Tue, Nov 26 2024
|
₹4,151.95
|
₹4,103.80
|
-0.52%
|
|
Mon, Nov 25 2024
|
₹4,124.70
|
₹4,125.10
|
|
|
Fri, Nov 22 2024
|
₹4,138.70
|
₹4,116.65
|
-0.53%
|
This announcement from Kumiai underscores its confidence in the growing demand for its products, further strengthening PI Industries’ export revenue outlook.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
