PI Industries shares drop 0.35% as Sensex falls
PI Industries Ltd. traded 0.35 per cent lower in Wednesday's session at 01:59PM (IST). The stock opened at Rs 3397.85 and has touched an intraday high and low of Rs 3409.95 and Rs 3355.4, respectively, during the session so far.
The stock quoted a 52-week high of Rs 4010.0 and a 52-week low of 2870.0. About 2,286 shares changed hands on the counter so far.
Benchmark Nifty50 was down 61.15 points at 19018.45, while the BSE Sensex traded 192.52 points lower at 63682.41 at the time of writing of this report.
In the Nifty pack, 18 stocks traded the day in the green, while 32 were in the red.
Key Financials For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 1957.3 crore, up 21.19 per cent from the previous quarter's Rs 1615.1 crore and up 24.88 per cent from the year-ago quarter. The company reported net profit of Rs 382.9 crore for the latest quarter.
Promoter Holdings Promoters held 46.09 per cent stake in the company as of 30-Sep-2023, while FIIs held 20.01 per cent and MFs 17.26 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 3412.83 on November 01, while the 50-DMA was at Rs 3521.13. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward.
