PI Industries Share Price: PI Industries stock price up 1.38 per cent as Sensex climbs

Shares of Ltd. rose 1.38 per cent to Rs 3417.1 at 01:05PM hours (IST) on Friday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 4,563 shares with a turnover of Rs 1.54 crore till 01:05PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 66.4, while the price-to-book value ratio stood at 6.41.

Return on equity (ROE) was at 13.81 per cent, according to exchange data. The stock hit an intraday high of Rs 3430.0 and a low of Rs 3366.85 during the session and quoted a 52-week high price of Rs 3456.25 and a 52-week low of Rs 1825.0.

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

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 2565.83 on September 03, while the 50-DMA was at Rs 3088.0. If a stock trades above 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 a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 67.27. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 30-Jun-2021, promoters held 46.74 per cent stake in the company, while FIIs held 23.73 per cent and domestic institutional investors had 17.89 per cent.

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