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    PI Industries shares down 0.35% as Nifty gains

    Synopsis

    A total of 3,212 shares changed hands on the counter till 01:58PM (IST).

    Brokers trade at computer terminals at stock brokerage firm in MumbaiReuters
    Investors should therefore use dips towards 15,200-15,400 to their advantage to accumulate quality largecaps and midcaps.
    NEW DELHI: Shares of PI Industries Ltd. traded 0.35 per cent down in Tuesday's trade at 01:58PM (IST). Around 3,212 shares changed hands on the counter.

    The counter opened at Rs 3085.05 and touched an intraday high and low of Rs 3112.55 and Rs 3072.0, respectively, in the session so far. Shares of the company of PI Industries Ltd. quoted a 52-week high of Rs 3698.5 and a 52-week low of Rs 2366.55.

    As per BSE, the total market cap of the PI Industries Ltd. stood at Rs 47031.86 crore at the time of writing this report.

    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 previous quarter's Rs 1801.7 crore and down 20.34 per cent from the year-ago quarter's Rs 1382.3 crore.

    The net profit for latest quarter stood at Rs 351.8 crore, up 58.04 per cent from the corresponding quarter last year.

    Shareholding pattern
    As of 31-Mar-2023, domestic institutional investors held 16.4 per cent stake in the firm, while foreign institutional investors held 18.59 per cent and the promoters 46.01 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a price-to-earnings multiple of 40.78 and a price-to-book ratio of 7.01. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

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