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PI Industries strengthens on entering into agreement with Mitsui Chemical Agro

31 May 2016

PI Industries is currently trading at Rs 679.00, up by 5.65 points or 0.84% from its previous closing of Rs. 673.35 on the BSE.

The scrip opened at Rs. 673.85 and has touched a high and low of Rs. 680.00 and Rs. 668.50 respectively. So far 2121 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 739.00 on 10-Aug-2015 and a 52 week low of Rs. 495.35 on 26-Feb-2016.

Last one week high and low of the scrip stood at Rs. 690.00 and Rs. 592.00 respectively. The current market cap of the company is Rs. 9297.23 crore.

The promoters holding in the company stood at 51.72% while Institutions and Non-Institutions held 34.16% and 13.96% respectively.

PI Industries (PI) and Mitsui Chemicals Agro, Inc (MCAG) have entered into an agreement to establish a joint venture company in India. This joint venture company is being set up to provide registration services for MCAG's proprietary agrochemicals and intends to leverage Pi's deep understanding of Indian agriculture, farmers needs, regulatory system, etc and MCAG's capability of delivering innovative agrochemicals. This tie up will further strengthen collaboration between the two companies and help them bring innovative solutions in India to enhance farm productivity.

PI Industries focuses on Agri-Input and Custom Synthesis with strength of over 1,400 employees. PI Industries currently operates three formulation and two manufacturing facilities as well as five multi-product plants under its three manufacturing locations across Jammu and Gujarat.

Related PI Industries Ltd. Links:

PI Industries Share Price

2850.95 -40.05 (-1.39%) Dec 06, 18:01
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323