PI Industries stock price up 1.05 per cent as Sensex climbs

Shares of PI Industries Ltd. rose 1.05 per cent to Rs 2236.0 at 01:07PM hours (IST) on Tuesday. 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 4,645 shares with a turnover of Rs 1.03 crore till 01:07PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 50.63, while the price-to-book value ratio stood at 6.16.

Return on equity (ROE) was at 17.46 per cent, according to exchange data. The stock hit an intraday high of Rs 2243.95 and a low of Rs 2201.75 during the session and quoted a 52-week high price of Rs 2544.0 and a 52-week low of Rs 1185.2.

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 2081.21 on April 06, while the 50-DMA was at Rs 2223.97. 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 47.48. 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 31-Dec-2020, promoters held 46.75 per cent stake in the company, while FIIs held 21.45 per cent and domestic institutional investors had 19.39 per cent.

Source Link