PI Industries shares down 2.57% as Nifty gains
PI Industries Ltd. traded 2.57 per cent down in Tuesday's trade at 02:04PM (IST). Around 7,206 shares changed hands on the counter.
The scrip opened at Rs 3681.55 and touched an intraday high and low of Rs 3681.55 and Rs 3575.0, respectively, in the session so far. Shares of the company of PI Industries Ltd. quoted a 52-week high of Rs 4010.0 and a 52-week low of Rs 2735.1.
Total market cap of the PI Industries Ltd. stood at Rs 54453.15 crore at the time of writing this report.Key Financials The company reported consolidated net sales of Rs 1615.1 crore for the quarter ended 31-Mar-2023, down 2.9 per cent from previous quarter's Rs 1663.4 crore and down 14.13 per cent from the year-ago quarter's Rs 1415.2 crore. The net profit for latest quarter stood at Rs 280.6 crore, up 37.28 per cent from the same quarter a year ago.Shareholding pattern As of 31-Mar-2023, domestic institutional investors held 16.4 per cent stake in the company, while foreign institutional investors held 18.59 per cent and the promoters 46.09 per cent.Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 44.29 and a price-to-book ratio of 6.39.
A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business. PI Industries Ltd.
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