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Based on our estimates, PI Industries is valued at 30x FY26E, with a target price of Rs 4,980 per share. This implies an upside potential of 6% from the CMP, with a HOLD recommendation.
Asian markets are trading mixed as investors await the Federal Reserve's rate decision and assess economic data from Japan. Nikkei is trading positive by 0.66% whereas Shanghai is trading negative by 0.01%. Hong Kong markets are closed today.