PI Industries shares drop 0.83% as Sensex rises
PI Industries Ltd. traded 0.83 per cent lower in Thursday's session at 01:23PM (IST). The stock opened at Rs 3488.6 and has touched an intraday high and low of Rs 3488.6 and Rs 3419.65, 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 4,056 shares changed hands on the counter so far.
Benchmark Nifty50 was up 147.5 points at 21664.85, while the BSE Sensex traded 509.83 points higher at 71866.43 at the time of writing of this report.
In the Nifty pack, 30 stocks traded the day in the green, while 19 were in the red.
Key Financials For the quarter ended 30-Sep-2023, the company reported consolidated sales of Rs 2163.8 crore, up 10.55 per cent from the previous quarter's Rs 1957.3 crore and up 20.1 per cent from the year-ago quarter. The company reported net profit of Rs 480.5 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 3515.33 on January 04, while the 50-DMA was at Rs 3572.01. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward.
