PI Industries shares drop 0.11% as Sensex falls
PI Industries Ltd. traded 0.11 per cent down at Rs 3484.0 at 12:02PM (IST) on Friday, even as BSE benchmark Sensex dropped 347.64 points to 66060.75.
The stock had closed at Rs 3488.15 in the previous session.
The stock quoted a 52-week high price of Rs 4010.0 and 52-week low of Rs 2870.0, respectively. As per BSE data, total traded volume on the counter till 12:02PM (IST) stood at 2343 shares with a turnover of Rs 0.82 crore.
At the current price, shares of the company traded at 39.18 times its trailing 12-month EPS of Rs 88.99 per share and 6.39 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 0.56.
Shareholding Details
Promoters held 46.01 per cent stake in the company as of 30-Jun-2023, while FIIs owned 19.17 per cent and DIIs 16.79 per cent.
Technicals On the technical charts, the relative strength index (RSI) of the stock stood at 47.9. The RSI oscillates between zero and 100.
