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PI Industries could soon dethrone UPL as biggest agrochemical firm

Triggers in exports and domestic businesses to continue driving earnings while pharma CSM foray takes shape

Topics
PI Industries | Market news | Agrochemical companies

Ujjval Jauhari  |  New Delhi 

Fertiliser movement through coastal shipping now eligible for subsidy
With improving business and product mix, the company’s gross margins expanded 171 basis points.

PI Industries’ (PI’s) strong performance for the quarter ended September (second quarter, or Q2), led by growth in both domestic and export markets, helped its stock scale fresh all-time highs on Friday. Though it closed the day 1.5 per cent higher, it takes the total gains for the stock to 46 per cent over the past four months.

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First Published: Fri, October 30 2020. 19:16 IST
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