PI Industries shares drop 0.21% as Sensex falls

Shares of . traded 0.21 per cent lower in Thursday's session at 12:25PM (IST). The stock opened at Rs 3236.25 and has touched an intraday high and low of Rs 3250.9 and Rs 3223.75, respectively, during the session so far.

The stock quoted a 52-week high of Rs 3698.5 and a 52-week low of 2334.35. About 1,022 shares changed hands on the counter so far.

Benchmark Nifty50 was down 35.3 points at 18130.05, while the BSE Sensex traded 100.13 points lower at 60945.61 at the time of writing of this report.

In the Nifty pack, 15 stocks traded the day in the green, while 35 were in the red.


Key Financials
For the quarter ended 30-Sep-2022, the company reported consolidated sales of Rs 1801.7 crore, up 14.96 per cent from the previous quarter's Rs 1567.3 crore and up 30.38 per cent from the year-ago quarter. The company reported net profit of Rs 334.8 crore for the latest quarter.

Promoter Holdings
Promoters held 46.09 per cent stake in the company as of 30-Sep-2022, while FIIs held 23.1 per cent and MFs 16.39 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 3063.55 on January 19, while the 50-DMA was at Rs 3406.27. 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.