PI Industries shares down 2.42% as Sensex falls
PI Industries Ltd. fell 2.42 per cent to Rs 3760.4 in Friday's session as of 02:04PM (IST) even as the equity benchmark Sensex traded 457.54 points lower at 65328.1. Earlier in the day, the stock witnessed a gap down start to the session.
The stock quoted a 52-week high price of Rs 4010.0 and a 52-week low of Rs 2634.25 on NSE. Around 18329 shares changed hands on the counter till 02:04PM (IST). The stock opened at Rs 3831.6 and has touched an intraday high and low of Rs 3838.45 and Rs 3715.75 during the session so far.
The stock quoted a price-to-earnings (PE) ratio of 46.42, earnings per share (EPS) of Rs 81.05 and price to book value (PB) of 6.39, while the return on equity (ROE) stood at Rs 17.07.Promoter/ FII Holding The promoters held 46.09 per cent stake in the company as of July 07, while FII and MF ownerships stood at 18.59 per cent and 16.4 per cent, respectively.Key Financials With a market capitalisation of Rs 57075.6 crore, the company operates in the Pesticides/Agro Chem industry. For the quarter ended 31-Mar-2023, the company reported consolidated sales of Rs 1615.1 crore, down 2.9 per cent from the previous quarter?s Rs 1663.4 crore and down 14.13 per cent from the same quarter a year ago. The company reported net profit of Rs 280.6 crore for the latest quarter, up 37.28 per cent from the corresponding quarter last year.Technical Indicators The relative strength index (RSI) of the stock stands at 51.09.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a
. Read more on economictimes.indiatimes.com
