 "Q2")
A significant outperformance in the September quarter for the 2022-23 financial year (Q2FY23) by agrochemical major PI Industries led to an 8.6 per cent surge in the stock price on Wednesday. While the stock has given up some gains in trade on Thursday on valuations concerns, prospects remain strong on the back of a robust order book in the custom synthesis and manufacturing (CSM) business.
Revenue momentum remains a key near-term trigger for the company. Sales in the CSM or the exports segment, which accounted for 72 per cent of its revenues in the quarter, were up 29 per cent
