PI Industries shares fall 0.79 per cent in Thursday's trading session
PI Industries Ltd. fell 0.79 per cent to Rs 3304.55 in Thursday's trade as of 11:21AM (IST) even as the benchmark Nifty ruled at 18860.7, down 261.45 points.
The scrip had closed at Rs 3330.9 in the previous session.
The stock quoted a 52-week low of Rs 2870.0 and a high of Rs 4010.0. The company quoted a market-cap of Rs 50136.01 crore on the BSE.
On BSE, 3,296 shares have changed hands on the counter so far.
At its prevailing price, the stock traded at 37.14 times its trailing 12-month EPS of Rs 88.99 per share and 6.39 times its book value. The return on equity (ROE) stood at Rs 17.07.
Key Financials For the quarter ended 30-Jun-2023, PI Industries Ltd.
reported consolidated sales of Rs 1957.3 crore, up 24.88 per cent from the same quarter a year ago. The company reported 45.92 per cent YoY growth in net profit at Rs 382.9 crore for the latest quarter.
Technical indicators The relative strength index (RSI) of the stock stood at Thursday.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a «buy» or «sell» recommendation using a single valuation ratio.
