📉 PI Industries Ltd. Near 2021 Lows — Down 27%! What’s Dragging the Stock?

Stock price of

s is now trading close to its July 2021 levels, down 27% from its 52-week high, reflecting sustained pressure across segments. Q3 Snapshot (YoY): • Revenue fell 28% to ₹1,376 crore (vs ₹1,901 crore) • EBITDA declined 41% to ₹302 crore • Margins contracted to 22% (vs 26.9%) • Net profit slipped 16.5% to ₹311 crore The weakness was broad-based. CSM exports dropped 32%, with volumes down 29% and pricing also under strain. Domestic revenues missed estimates by 12%, impacted by weak farmer demand and erratic rainfall. Pharma revenues declined 6%. Management expects sequential improvement ahead, but negative operating leverage has weighed on performance. Technically, ₹2950 may act as a key near-term support. The critical question now — will this level hold, or is more downside likely? 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.