Share price of PI Industries jumps as Sensex gains 61.55 points

Share price of PI Industries jumps as Sensex gains 61.55 points
ETMarkets.com
Share
Font Size
Save
Comment
Synopsis

A total of 15,326 shares changed hands on the counter till 10:20AM (IST)

Getty Images
According to the figures updated at 5.45 pm, the number of active COVID-19 cases is at 470.

INSIGHTS

Read Stock Insights by ET for a quick analysis

PEER COMPANIES

Explore Now
Share price of Ltd. gained 0.97 per cent to Rs 2594.6 at 10:20AM (IST) in Thursday's trade. The scrip hit a high of Rs 2641.0 and low of Rs 2589.6 so far during the session. The stock had closed at Rs 2569.75 in the previous session.

The counter had a total traded volume of 10:20AM shares so far with a turnover of Rs 4.0 crore on BSE. The stock traded at a price-to-earnings multiple of 54.1 and a price-to-book ratio of 6.16.

A higher price-to-earnings ratio shows 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 is the measure of the price that investors are ready to pay even for no growth in the business.

PI Industries Ltd. belongs to the Pesticides/Agro Chem industry.

Promotor/FII Holding
Promoters held 46.74 per cent stake in the company as of 31-Mar-2021, while FIIs and domestic institutional investors ownership stood at 22.55 per cent and 18.07 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 1241.3 crore for the quarter ended 31-Mar-2021, up 3.36 per cent from the previous quarter's Rs 1201.0 crore and up 44.0 per cent from the year-ago quarter's Rs 862.0 crore.

Its profit for the latest quarter stood at Rs 179.8 crore, up 62.42 per cent from the same quarter a year ago.

Read More News on

(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.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

ETPrime stories of the day

Read before you invest. Insights on PI Industries Ltd.. Explore Now