PI Industries stock price down 0.3 per cent as Sensex climbs

Shares of PI Industries Ltd. fell 0.3 per cent to Rs 3033.4 at 01:22PM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 9,336 shares with a turnover of Rs 2.84 crore till 01:22PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 39.94, while the price-to-book value ratio stood at 7.01.

Return on equity (ROE) was at 13.78 per cent, according to exchange data. The stock hit an intraday high of Rs 3111.5 and a low of Rs 3000.5 during the session and quoted a 52-week high price of Rs 3698.5 and a 52-week low of Rs 2366.55.

The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.56.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 3162.63 on April 12, while the 50-DMA was at Rs 3062.79. 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 below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 50.83. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 31-Dec-2022, promoters held 46.09 per cent stake in the company, while FIIs held 18.6 per cent and domestic institutional investors had 24.24 per cent.