PI Industries stock crashes ₹100; Japan's Kumiai Chemical issues weak outlook

• PI Industries stock crashed by ₹100 in just 5 seconds.
• The sudden crash was triggered by negative guidance from its key Japanese client, Kumiai Chemical Industry.
• Kumiai Chemical expects reduced sales for its AXEEV product and a 32% drop in operating profit for FY26.
• This negative outlook from a major client raises concerns about PI Industries' future order flow and agri-chemical segment performance.
• The stock has shown weak performance over the past year, and Foreign Institutional Investors (FIIs) have been consistently reducing their stake.

Why It Matters: Kumiai Chemical Industry's poor forecast threatens PI Industries' future earnings and stock.