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    PI Industries declines 0.36% as Sensex climbs

    Synopsis

    The stock traded at a P/E multiple of 44.46, while the price-to-book value ratio stood at 7.01.

    A man walks past the Bombay Stock Exchange (BSE) building in MumbaiReuters
    Stocks in focus: RIL, Tata Motors, Infosys, IIFL Securities, Apollo Hospitals, Punjab National Bank, NBCC and more..
    Shares of PI Industries Ltd. traded at Rs 3386.0 on BSE at 12:46PM (IST) on Monday, down 0.36 per cent from previous close.

    The scrip quoted a 52-week low price of Rs 2366.55 and a high of Rs 3698.5.

    Earlier, the stock saw a gap up opening in the morning.

    A total of 1,686 lakh shares changed hands on the counter till 12:46PM (IST).

    The stock of PI Industries Ltd. commanded a market value of Rs 51283.0 crore, according to BSE.

    The stock traded at a price-to-earning (P/E) multiple of 44.46, 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.

    In the BSE500 pack, 324 stocks traded in the green, while 177 stocks were in the red.

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

    Promotor/FII Holding
    Promoters held 46.01 per cent in PI Industries Ltd. as of 31-Mar-2023 while foreign and domestic institutional investors owned 18.59 per cent and 16.4 per cent, respectively.

    Moving averages
    The 200-DMA of the stock stood at 3219.78 on May 15, while the 50-DMA was at 3125.32. If a stock trades below 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 as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
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