PI Industries Share Price: PI Industries shares down 1.64% as Nifty gains

Shares of Ltd. rose 1.64 per cent to Rs 2723.55 in Monday’s trade. It hit an intraday high of Rs 2800.0 and low of Rs 2702.7, respectively, during the day.

The stock quoted a 52-week high price of Rs 3533.3 and low of Rs 1982.45.

As of 01:51PM (IST), the counter saw total traded volume of 10,003 shares with a traded value of Rs 2.73 crore, according to NSE.



The stock had closed at Rs 2769.05 in the previous session.

The scrip has declined -16.91 per cent in the past one month till date, while the benchmark BSE Sensex has gained 3.81 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 52.98 while price-to-book ratio stood at 6.41. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Pesticides/Agro Chem industry.

Promoter/FII Holding
Promoters held 46.74 per cent stake in the company as of 30-Sep-2021, while FII and MF ownership in the firm stood at 19.71 per cent and 13.06 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 1221.5 crore for the quarter ended 30-Jun-2021, down 1.6 per cent from the previous quarter’s Rs 1241.3 crore and down 14.34 per cent from the year-ago quarter’s Rs 1068.3 crore. Its net profit for the latest quarter stood at Rs 187.2 crore, up 28.66 per cent from the same quarter a year ago.

Source Link