PI Industries shares drop 0.59% as Sensex falls

economictimes.indiatimes.com:

PI Industries Ltd. traded 0.59 per cent lower in Wednesday's session at 11:01AM (IST). The stock opened at Rs 3607.4 and has touched an intraday high and low of Rs 3632.35 and Rs 3582.0, 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 46,551 shares changed hands on the counter so far.

Benchmark Nifty50 was down 68.71 points at 22287.6, while the BSE Sensex traded 164.86 points lower at 73512.27 at the time of writing of this report.
In the Nifty pack, 12 stocks traded the day in the green, while 38 were in the red.

Key Financials For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 1953.6 crore, down 9.71 per cent from the previous quarter's Rs 2163.8 crore and down 17.45 per cent from the year-ago quarter. The company reported net profit of Rs 448.6 crore for the latest quarter.
Promoter Holdings Promoters held 46.09 per cent stake in the company as of 31-Dec-2023, while FIIs held 20.41 per cent and MFs 16.36 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 3587.85 on March 06, while the 50-DMA was at Rs 3483.52. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.