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    PI Industries shares up 2.57% as Nifty gains

    Synopsis

    The stock quoted a 52-week high price of Rs 2668.85 and low of Rs 1280.0.

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    Sensex and Nifty shed more than 9 per cent last week, and the indices entered bear market territory, and the bottom is not yet in sight.

    INSIGHTS

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    Shares of Ltd. rose 2.57 per cent to Rs 2501.6 in Tuesday's trade. It hit an intraday high of Rs 2547.8 and low of Rs 2381.05, respectively, during the day.

    The stock quoted a 52-week high price of Rs 2668.85 and low of Rs 1280.0.

    As of 11:23AM (IST), the counter saw total traded volume of 4,539 shares with a traded value of Rs 1.13 crore, according to NSE.

    The stock had closed at Rs 2438.9 in the previous session.

    The scrip has advanced 11.2 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -4.78 per cent during the same period.

    According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 56.83 while price-to-book ratio stood at 6.16. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.

    The stock belongs to the Pesticides/Agro Chem industry.

    Promoter/FII Holding
    Promoters held 46.75 per cent stake in the company as of 31-Dec-2020, while FII and MF ownership in the firm stood at 19.51 per cent and 16.19 per cent, respectively.

    Key Financials
    The company reported consolidated sales of Rs 1201.0 crore for the quarter ended 31-Dec-2020, up 0.81 per cent from the previous quarter's Rs 1191.3 crore and up 38.22 per cent from the year-ago quarter's Rs 868.9 crore. Its net profit for the latest quarter stood at Rs 195.4 crore, up 61.35 per cent from the same quarter a year ago.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

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