PI Industries shares 1.13% as Sensex rises
PI Industries Ltd. traded 1.13 per cent at Rs 3592.90 at 11:32AM (IST) on Monday, even as BSE benchmark Sensex 553.09 points to 77172.42.
The stock had closed at Rs 3552.60 in the previous session. The stock quoted a 52-week high price of Rs 4801.40 and 52-week low of Rs 3060.00, respectively. As per BSE data, total traded volume on the counter till 11:32AM (IST) stood at 1973 shares with a turnover of Rs 0.71 crore.
At the prevailing price, shares of the company traded at 30.72 times its trailing 12-month EPS of Rs 117.00 per share and 6.74 times its price-to-book value, BSE data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.
Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.5552.
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