PI Industries shares up 0.9% as Nifty falls

Shares of PI Industries Ltd. rose 0.9 per cent to Rs 2947.05 in Monday's trade. It hit an intraday high of Rs 2957.05 and low of Rs 2918.65, respectively, during the day.

The stock quoted a 52-week high price of Rs 3533.3 and low of Rs 2334.35.

As of 10:55AM (IST), the counter saw total traded volume of 2,957 shares with a traded value of Rs 0.87 crore, according to NSE.

The stock had closed at Rs 2920.8 in the previous session.

The scrip has advanced 14.19 per cent in the past one month till date, while the benchmark BSE Sensex has gained 8.61 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 54.52 while price-to-book ratio stood at 6.41. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Pesticides/Agro Chem industry.

Promoter/FII Holding
Promoters held 46.74 per cent stake in the company as of 31-Dec-2021, while FII and MF ownership in the firm stood at 18.88 per cent and 13.61 per cent, respectively.

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 the previous quarter's Rs 1381.9 crore and up 15.1 per cent from the year-ago quarter's Rs 1201.0 crore. Its net profit for the latest quarter stood at Rs 222.6 crore, up 13.92 per cent from the same quarter a year ago.