PI Industries shares drop 0.66% as Sensex falls
PI Industries Ltd. traded 0.66 per cent lower in Monday's session at 11:36AM (IST). The stock opened at Rs 3414.0 and has touched an intraday high and low of Rs 3414.0 and Rs 3367.55, 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 1,217 shares changed hands on the counter so far.
Benchmark Nifty50 was down 93.85 points at 19559.65, while the BSE Sensex traded 313.16 points lower at 65682.47 at the time of writing of this report.
In the Nifty pack, 13 stocks traded the day in the green, while 37 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-Jun-2023, while FIIs held 19.17 per cent and MFs 16.79 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 3412.92 on October 09, while the 50-DMA was at Rs 3620.28. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward.
