PI Industries share price down 0.9 per cent

Shares of PI Industries Ltd. traded 0.9 per cent up at Rs 2929.3 at around 12:51PM (IST) on Friday. The stock had closed at Rs 2955.9 in the previous session. Equity benchmark Sensex traded 49.95 points lower at 57875.33 around the same time.


The scrip has climbed 6.96 per cent in the last one year till date, while the 30-share index has gained 0.03 per cent during the same period.

The stock's 52-week high price stood at Rs 3698.5 and the 52-week low price at Rs 2366.55.

Trading volume on the counter stood at 2,094 shares, while it quoted a price-to-earnings ratio of 38.54, an EPS value of 76.02 and a price-to-book value of 7.01. In the Nifty50 pack, 18 stocks traded in the green, while 32 stocks were in the red.

Promoter/FII Holding
Promoters held 46.09 per cent stake in the company as of 31-Dec-2022, while overseas investor and MF ownership stood at 18.6 per cent and 16.37 per cent, respectively.

Key Financials
For the quarter ended 31-Dec-2022, the company reported consolidated sales of Rs 1663.4 crore, down 7.68 per cent from the previous quarter's Rs 1801.7 crore and down 20.34 per cent from the year-ago quarter's Rs 1382.3 crore. The company reported net profit of Rs 351.8 crore for the latest quarter.

Technical Indicators
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.