PI Industries rises 1.23% as Sensex climbs
PI Industries Ltd. traded at Rs 3676.2 on BSE at 10:30AM (IST) on Tuesday, up 1.23 per cent from previous close.
The stock quoted a 52-week low price of Rs 2870.0 and a high of Rs 4010.0.
Earlier, shares of the company saw a gap up opening in the morning.
A total of 781 lakh shares changed hands on the counter till 10:30AM (IST).
The stock of PI Industries Ltd.
commanded a market value of Rs 55900.54 crore, according to BSE.
The stock traded at a price-to-earning (P/E) multiple of 41.4, while the price-to-book value ratio stood at 6.39. Return on equity (ROE) was at 17.07 per cent, according to exchange data.
In the BSE500 pack, 338 stocks traded in the green, while 163 stocks were in the red.
The stock's beta value, which measures volatility in relation to the broader market, stood at 0.56.
Promotor/FII Holding Promoters held 46.01 per cent in PI Industries Ltd.
as of 30-Jun-2023 while foreign and domestic institutional investors owned 19.17 per cent and 16.79 per cent, respectively.
Moving averages
The 200-DMA of the stock stood at 3399.71 on August 29, while the 50-DMA was at 3740.0. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward.
