PI Industries Share Price: PI Industries shares drop 0.28% as Sensex falls

Shares of Ltd. traded 0.28 per cent lower in Wednesday’s session at 02:00PM (IST). The stock opened at Rs 2940.45 and has touched an intraday high and low of Rs 2940.45 and Rs 2865.0, respectively, during the session so far.

The stock quoted a 52-week high of Rs 3533.3 and a 52-week low of 1982.45. About 10,949 shares changed hands on the counter so far.

Benchmark Nifty50 was down 11.3 points at 17987.90, while the BSE Sensex traded 10.98 points lower at 60311.39 at the time of writing of this report.



In the Nifty pack, 24 stocks traded the day in the green, while 25 were in the red.

Key Financials

For the quarter ended 30-Sep-2021, the company reported consolidated sales of Rs 1381.9 crore, up 13.13 per cent from the previous quarter’s Rs 1221.5 crore and up 16.0 per cent from the year-ago quarter. The company reported net profit of Rs 229.6 crore for the latest quarter.


Promoter Holdings

Promoters held 46.74 per cent stake in the company as of 30-Sep-2021, while FIIs held 24.13 per cent and MFs 13.06 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 2779.43 on November 17, while the 50-DMA was at Rs 3136.65. 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 well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.

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