PI Industries shares down 2.93% as Nifty gains

PI Industries shares down 2.93% as Nifty gains
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Synopsis

The stock quoted a 52-week high price of Rs 3309.0 and low of Rs 1677.0.

Agencies
Mazhar Mohammad of Chartviewindia.in said technical indicators are turning mixed as the weekly MACD chart has generated a 'buy' signal, giving an edge to the bulls.
Shares of Ltd. rose 2.93 per cent to Rs 2992.2 in Thursday's trade. It hit an intraday high of Rs 3126.2 and low of Rs 2969.5, respectively, during the day.

The stock quoted a 52-week high price of Rs 3309.0 and low of Rs 1677.0.

As of 02:58PM (IST), the counter saw total traded volume of 13,941 shares with a traded value of Rs 4.21 crore, according to NSE.

Did you Know?

Stock score of PI Industries Ltd moved down by 1 in 3 months on a 10-point scale.

View Latest Stock Report »

The stock had closed at Rs 3082.5 in the previous session.

The scrip has advanced 7.75 per cent in the past one month till date, while the benchmark BSE Sensex has gained 0.23 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 61.49 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 46.74 per cent stake in the company as of 30-Jun-2021, while FII and MF ownership in the firm stood at 19.64 per cent and 13.21 per cent, respectively.

Key Financials
The company reported consolidated 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 net profit for the latest quarter stood at Rs 179.8 crore, up 62.42 per cent from the same quarter a year ago.

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