PI Industries shares drop 0.17% as Sensex rises

Shares of PI Industries Ltd. traded 0.17 per cent down at Rs 3436.55 at 01:44PM (IST) on Monday, even as BSE benchmark Sensex gained 739.29 points to 61793.58. The stock had settled at Rs 3442.5 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 3698.5 and Rs 2366.55, respectively.

As per BSE data, total traded volume on the counter till 01:44PM (IST) stood at 01:44PM shares with turnover at Rs 2.38 crore.

At the current price, shares of the company trades at 45.16 times its trailing 12-month earnings per share of Rs 76.02 per share and 7.01 times its price-to-book value, BSE data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 0.56.

Shareholding Details
Promoters held 46.09 per cent stake in the company as of 31-Mar-2023, while FIIs owned 18.59 per cent and DIIs 24.06 per cent.