Share price of PI Industries jumps as Sensex gains 108.88 points

Share price of PI Industries jumps as Sensex gains 108.88 points
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Synopsis

A total of 1,878 shares changed hands on the counter till 11:26AM (IST)

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.
Share price of Ltd. gained 0.76 per cent to Rs 3035.4 at 11:26AM (IST) in Wednesday's trade. The scrip hit a high of Rs 3051.1 and low of Rs 2967.0 so far during the session. The stock had closed at Rs 3012.45 in the previous session.

The counter had a total traded volume of 11:26AM shares so far with a turnover of Rs 0.57 crore on BSE. The stock traded at a price-to-earnings multiple of 58.37 and a price-to-book ratio of 6.41.

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 30-Sep-2021, while foreign investors and domestic institutional investors ownership stood at 24.13 per cent and 17.23 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 1381.9 crore for the quarter ended 30-Sep-2021, up 13.13 per cent from the previous quarter's Rs 1221.5 crore and up 16.0 per cent from the year-ago quarter's Rs 1191.3 crore.

Its profit for the latest quarter stood at Rs 229.6 crore, up 5.51 per cent from the same quarter a year ago.

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