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    PI Industries shares rise 1.43% as Sensex slides

    Synopsis

    A total of 2,687 shares changed hands on the counter till 11:28AM (IST)

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    Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
    Shares of the Ltd. traded at Rs 2989.3 on BSE at 11:28AM (IST) on Friday, up 1.43 per cent from previous close.

    The scrip quoted a 52-week low price of Rs 1982.45 and a high of Rs 3533.3.

    Earlier, the stock saw a gap up opening in the morning.

    A total of 2,687 lakh shares changed hands on the counter till 11:28AM (IST).

    The stock of PI Industries Ltd. commands a market value of Rs 45260.55 crore.

    The stock traded at a price-to-earning (P/E) multiple of 58.03, while the price-to-book value ratio stood at 6.41. Return on equity (ROE) was at 13.81 per cent, according to exchange data.

    In the BSE500 pack, 311 stocks traded in the green, while 189 stocks were in the red.

    Promotor Holding
    Promoters held 46.74 per cent in the PI Industries Ltd. as of 30-Sep-2021 while foreign portfolio investors and domestic institutional investors owned 24.13 per cent and 17.23 per cent, respectively.

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