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 2,403 shares changed hands on the counter till 11:06AM (IST).

Reuters
Investors should therefore use dips towards 15,200-15,400 to their advantage to accumulate quality largecaps and midcaps.
Shares of . gained 1.09 per cent to Rs 3275.75 in Monday's trade as of 11:06AM (IST).

The stock hit a high price of Rs 3306.85 and low of Rs 3253.9 during the session.

The return on equity (ROE) for the stock stood at 13.78 per cent. Traded volume on the counter stood at 11:06AM shares and turnover at Rs 0.79 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 2334.35, 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-Mar-2022, while overseas investors held 23.1 per cent and domestic institutional investors had 18.66 per cent.

Key Financials
The company reported consolidated sales of Rs 1567.3 crore for the quarter ended 30-Jun-2022, up 10.75 per cent from previous quarter's Rs 1415.2 crore and up 28.31 per cent from the year-ago quarter's Rs 1221.5 crore.

Net profit after tax for the latest quarter stood at Rs 262.4 crore, up 40.17 per cent from the same quarter a year ago.
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