PI Industries - Short & Mid term swing Funada mental view
=========================
PI Industries has a unique and non-conflicting business model, which is strengthened with …global innovators.
• The company presence is driven by strategic partnerships. It has invaluable relationships with 20+ …global innovators and it is built on IP protection.
• ~90% of CSM revenue is derived from patented molecules and more than 60% of domestic revenue …comes from in-licensed molecules.
• The agrochemical is now diversified with pharma foray and has scaled up.
• PI Industries has a promising opportunity landscape as the global specialty chemicals market is expected to grow at 5.4% CAGR between 2019 and 2024; global supply chain diversification and M&A activities to aid specialized CSM players.
• PI Industries can vouch for its strong assets. It has an invaluable team of ~300 researchers and scientists, 5 formulation facilities, globally certified technologies, a tech-enabled distribution network, and relationships with over 2.5 million farmers.
• Lastly, it has a track record of being consistent with Revenue CAGR (10 years) of 17.68%
Technical View
==========================
Stock is trading on their harmonic prz and the trend line support. As per stock behavior, a high probability bounces from their support.
buy from 2100
SL: 1900
Target: 2450/2700/3000
