PI industries share price: PI Industries share price up 2.73 per cent

Shares of Ltd. traded 2.73 per cent up at Rs 2901.3 at around 11:43AM (IST) on Friday. The stock had closed at Rs 2824.25 in the previous session. Equity benchmark Sensex traded 40.17 points higher at 52739.17 around the same time.

The scrip has climbed 87.45 per cent in the last one year till date, while the 30-share index has gained 48.85 per cent during the same period.

The stock’s 52-week high price stood at Rs 2927.6 and the 52-week low price at Rs 1500.0.

Trading volume on the counter stood at 6,921 shares, while it quoted a price-to-earnings ratio of 59.63, an EPS value of 48.66 and a price-to-book value of 6.16. In the Nifty50 pack, 33 stocks traded in the green, while 17 stocks were in the red.

Promoter/FII Holding
Promoters held 46.74 per cent stake in the company as of 31-Mar-2021, while overseas investor and MF ownership stood at 22.55 per cent and 13.86 per cent, respectively.

Key Financials
For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 1241.3 crore, up 3.36 per cent from the previous quarter’s Rs 1201.0 crore and up 44.0 per cent from the year-ago quarter’s Rs 862.0 crore. The company reported net profit of Rs 179.8 crore for the latest quarter.

Technical Indicators

The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

Source Link