PI Industries shares gain 1.14% as Sensex falls

PI Industries shares gain 1.14% as Sensex falls
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Synopsis

A total of 1,405 shares changed hands on the counter till 10:46AM (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.
Shares of PI Industries Ltd. traded 1.14 per cent up at Rs 2574.1 at 10:46AM (IST) on Friday, even as BSE benchmark Sensex dropped 58.59 points to 55405.8. The stock had closed at Rs 2545.05 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 3533.3 and Rs 2104.7, respectively.

As per BSE data, total traded volume on the counter till 10:46AM (IST) stood at 10:46AM shares with turnover at Rs 0.36 crore.

At the prevailing price, shares of the company trades at 47.78 times its trailing 12-month EPS of Rs 53.99 per share and 6.41 times its price-to-book value, BSE data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 0.56.

Shareholding Details
Promoters held 46.74 per cent stake in the company as of 31-Dec-2021, while FIIs owned 24.39 per cent and DIIs 17.47 per cent.

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