PI Industries was the favorite mid cap stock of mutual funds in July. Mutual funds bought ₹1,110 crore worth of the agri-science stock in July, shows Morningstar data. Most big broking houses maintain a buy rating on the agri-science company. Emkay Global recommends to buy the stock with a target price of ₹2,250. The stock is hovering around the levels of ₹1,900. PI Industries touched the highs of ₹2,160 in the last 52 weeks, a 52-week lows of ₹970 in March. Year-to date the stock has grown by 35%. PI Industries , in July, launched a QIP to raise upto ₹2,000 crore.
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