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    PI Industries shares up 1.55% as Nifty gains

    Synopsis

    A total of 5,402 shares changed hands on the counter till 10:05AM (IST).

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    India 10-year bond yield jumped 0.38 per cent to 6.03 after trading in 6.01 - 6.04 range.
    NEW DELHI: Shares of Ltd. traded 1.55 per cent up in Friday's trade at 10:05AM (IST). Around 5,402 shares changed hands on the counter.

    The stock opened at Rs 3155.0 and touched an intraday high and low of Rs 3188.3 and Rs 3134.75, respectively, in the session so far. Shares of the company of PI Industries Ltd. quoted a 52-week high of Rs 3357.05 and a 52-week low of Rs 1810.0.

    Total market cap of the PI Industries Ltd. stood at Rs 47895.89 crore at the time of writing this report.

    Did you Know?

    Stock score of PI Industries Ltd moved up by 1 in a week on a 10-point scale.

    View Latest Stock Report »

    Key Financials
    The company reported consolidated net sales of Rs 1221.5 crore for the quarter ended 30-Jun-2021, down 1.6 per cent from previous quarter's Rs 1241.3 crore and down 14.34 per cent from the year-ago quarter's Rs 1068.3 crore.

    The net profit for latest quarter stood at Rs 187.2 crore, up 28.66 per cent from the corresponding quarter last year.

    Shareholding pattern
    As of 30-Jun-2021, domestic institutional investors held 13.21 per cent stake in the company, while foreign institutional investors held 23.73 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 61.4 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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