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    Share price of PI Industries falls as Sensex drops 224.74 points

    Synopsis

    Promoters held 46.09 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 18.6 per cent and 16.37 per cent, respectively.

    A broker reacts while trading at his computer terminal at a stock brokerage firm in MumbaiReuters
    Nifty continues to climb a wall of worry as it looks to be in the final leg of its rally before heading for a correction.
    The share price of PI Industries Ltd. dropped 0.21 per cent to Rs 3026.75 at 01:11PM (IST) in Thursday's trade. The stock has hit a high of Rs 3056.6 and low of Rs 3014.0 so far during the session. The stock had closed at Rs 3033.05 in the previous session.

    The counter has had a total traded volume of 5115 shares so far with a value of Rs 1.54 crore on the NSE. It traded at a price-to-earnings multiple of 39.82 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 gained 2.82 per cent during the past one year, while the 30-share index advanced 1.21 per cent during the same period.

    PI Industries Ltd. belongs to the Pesticides/Agro Chem industry.

    Promotor/FII Holding
    Promoters held 46.09 per cent stake in the company as of 31-Dec-2022, while FIIs and domestic institutional investors ownership stood at 18.6 per cent and 16.37 per cent, respectively.

    Key Financials
    The company reported consolidated net sales of Rs 1663.4 crore for the quarter ended 31-Dec-2022, 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.

    Profit for the latest quarter stood at Rs 351.8 crore, up 58.04 per cent from the same quarter a year ago.
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