The return on equity (ROE) for the stock stood at 13.81 per cent. Traded volume on the counter stood at 01:46PM shares and turnover at Rs 3.41 crore around that time. The stock of PI Industries Ltd. quoted a 52-week high price of Rs 3533.3 and 52-week low prices of Rs 1934.05, 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 30-Jun-2021, while FIIs held 19.64 per cent and domestic institutional investors had 13.21 per cent.
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 previous quarter’s Rs 1241.3 crore and down 14.34 per cent from the year-ago quarter’s Rs 1068.3 crore. Net profit after tax for the latest quarter stood at Rs 187.2 crore, up 28.66 per cent from the same quarter a year ago.
Technicals
The MACD signalled a bearish 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.
