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    PI Industries shares up 0.51% as Nifty drops

    Synopsis

    A total of 4,162 shares changed hands on the counter till 01:11PM (IST).

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    India is hardly immune to the global trend of sliding fees and trading commissions.
    NEW DELHI: Shares of Ltd. traded 0.51 per cent up in Wednesday's trade at 01:11PM (IST). Around 4,162 shares changed hands on the counter.

    The scrip opened at Rs 2803.25 and touched an intraday high and low of Rs 2834.95 and Rs 2763.6, respectively, in the session so far. The stock of PI Industries Ltd. quoted a 52-week high of Rs 2927.6 and a 52-week low of Rs 1500.0.

    As per BSE, the total market cap of the PI Industries Ltd. stood at Rs 42685.89 crore at the time of writing this report.

    Did you Know?

    Stock score of PI Industries Ltd moved up by 1 in a week.

    View Latest Stock Report »

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

    The net profit for latest quarter stood at Rs 179.8 crore, up 62.42 per cent from the corresponding quarter last year.

    Shareholding pattern
    As of 31-Mar-2021, domestic institutional investors held 13.86 per cent stake in the firm, while foreign institutional investors held 19.35 per cent and the promoters 46.74 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a price-to-earnings multiple of 57.82 and a price-to-book ratio of 6.16. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.
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