Share price of PI Industries rises as Nifty strengthens

Share price of PI Industries rises as Nifty strengthens
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Synopsis

A total of 2,741 shares changed hands on the counter till 12:23PM (IST).

Agencies
India 10-year bond yield rose 0.37 per cent to 6 after trading in 5.99-6.01 range.
Shares of PI Industries Ltd. gained 2.52 per cent to Rs 2715.6 in Wednesday's trade as of 12:23PM (IST).

The stock hit a high price of Rs 2719.55 and low of Rs 2673.45 during the session.

The return on equity (ROE) for the stock stood at 13.81 per cent. Traded volume on the counter stood at 12:23PM shares and turnover at Rs 0.74 crore around that time.

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

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

Promotor/FII Holding
Promoters held 46.74 per cent stake in the company as of 31-Dec-2021, while overseas investors held 24.39 per cent and domestic institutional investors had 17.47 per cent.

Key Financials
The company reported consolidated sales of Rs 1382.3 crore for the quarter ended 31-Dec-2021, up 0.03 per cent from previous quarter's Rs 1381.9 crore and up 15.1 per cent from the year-ago quarter's Rs 1201.0 crore.

Net profit after tax for the latest quarter stood at Rs 222.6 crore, up 13.92 per cent from the same quarter a year ago.

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