The return on equity (ROE) for the stock stood at 17.46 per cent. Traded volume on the counter stood at 02:13PM shares and turnover at Rs 8.57 crore around that time. The stock of PI Industries Ltd. quoted a 52-week high price of Rs 2795.0 and 52-week low prices of Rs 1446.25, respectively.
The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 0.56.
Promotor/FII Holding
Promoters held 46.74 per cent stake in the company as of 31-Mar-2021, while FIIs held 19.35 per cent and domestic institutional investors had 13.86 per cent.
Key Financials
The company reported consolidated sales of Rs 1201.0 crore for the quarter ended 31-Dec-2020, up 0.81 per cent from previous quarter’s Rs 1191.3 crore and up 38.22 per cent from the year-ago quarter’s Rs 868.9 crore. Net profit after tax for the latest quarter stood at Rs 195.4 crore, up 61.35 per cent from the same quarter a year ago.
Technicals
The MACD signalled a 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 topof 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.
