Share price of PI Industries jumps as Sensex gains 241.72 points

Share price of PI Industries jumps as Sensex gains 241.72 points
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Synopsis

A total of 14,480 shares changed hands on the counter till 10:05AM (IST)

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Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
Share price of . gained 2.24 per cent to Rs 3095.1 at 10:05AM (IST) in Thursday's trade. The stock hit a high of Rs 3210.55 and low of Rs 3083.45 so far during the session. The stock had closed at Rs 3027.25 in the previous session.

The counter had a total traded volume of 10:05AM shares so far with a turnover of Rs 4.56 crore on BSE. The stock traded at a price-to-earnings multiple of 55.78 and a price-to-book ratio of 7.01.

A higher P/E 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 31-Mar-2022, while overseas investors and domestic institutional investors ownership stood at 23.1 per cent and 18.66 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 1415.2 crore for the quarter ended 31-Mar-2022, up 2.38 per cent from the previous quarter's Rs 1382.3 crore and up 14.01 per cent from the year-ago quarter's Rs 1241.3 crore.

Its profit for the latest quarter stood at Rs 204.4 crore, up 13.68 per cent from the same quarter a year ago.
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