Share price of PI Industries falls as Sensex gains 532.11 points

Share price of PI Industries falls as Sensex gains 532.11 points
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Synopsis

Promoters held 46.74 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 16.44 per cent and 14.84 per cent, respectively.

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MACD is known for signaling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages.
The share price of . dropped 0.35 per cent to Rs 2979.0 at 11:57AM (IST) in Friday's trade. The counter has hit a high of Rs 2998.1 and low of Rs 2958.3 so far during the session. The stock had closed at Rs 2989.35 in the previous session.

The counter has had a total traded volume of 1683 shares so far with a value of Rs 0.5 crore on the NSE. It traded at a price-to-earnings multiple of 49.24 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 reflects the price investors are willing to pay even for no growth in the business.

The scrip declined 6.3 per cent during the past one year, while the 30-share index slipped -5.17 per cent during the same period.

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 16.44 per cent and 14.84 per cent, respectively.

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

Profit 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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