PI Industries shares drop 0.66% as Sensex rises

Shares of PI Industries Ltd. traded 0.66 per cent down at Rs 3829.0 at 02:09PM (IST) on Tuesday, even as BSE benchmark Sensex gained 262.06 points to 63232.06. The scrip had settled at Rs 3854.45 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 4010.0 and Rs 2515.0, respectively.

As per BSE data, total traded volume on the counter till 02:09PM (IST) stood at 02:09PM shares with turnover at Rs 1.18 crore.

At the prevailing price, the stock trades at 47.27 times its trailing 12-month earnings per share of Rs 81.05 per share and 6.39 times its price-to-book value, the exchange 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.