PI Industries shares gain 0.66% as Sensex falls

Shares of PI Industries Ltd. traded 0.66 per cent higher in Friday's session at 11:21AM (IST). The stock opened at Rs 2760.05 and has touched an intraday high and low of Rs 2779.95 and Rs 2745.3, respectively, during the session so far.

The stock quoted a 52-week high of Rs 3533.3 and a 52-week low of 2201.75. About 2,092 shares changed hands on the counter so far.

Benchmark Nifty50 was down 40.7 points at 17182.05, while the BSE Sensex traded 148.04 points lower at 57447.64 at the time of writing of this report.

In the Nifty pack, 17 stocks traded the day in the green, while 33 were in the red.


Key Financials
For the quarter ended 31-Dec-2021, the company reported consolidated sales of Rs 1382.3 crore, up 0.03 per cent from the previous quarter's Rs 1381.9 crore and up 15.1 per cent from the year-ago quarter. The company reported net profit of Rs 222.6 crore for the latest quarter.

Promoter Holdings
Promoters held 46.74 per cent stake in the company as of 31-Dec-2021, while FIIs held 24.39 per cent and MFs 13.61 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 2933.04 on March 25, while the 50-DMA was at Rs 2591.02. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.