PI Industries shares gain 0.02% as Sensex falls
PI Industries Ltd. traded 0.02 per cent up at Rs 4733.0 at 10:40AM (IST) on Thursday, even as BSE benchmark Sensex dropped 910.81 points to 83355.48.
The stock had settled at Rs 4731.8 in the previous session. The stock quoted a 52-week high price of Rs 4801.4 and 52-week low of Rs 3060.0, respectively. As per BSE data, total traded volume on the counter till 10:40AM (IST) stood at 3535 shares with a turnover of Rs 1.67 crore.
At the prevailing price, shares of the company traded at 41.08 times its trailing 12-month EPS of Rs 115.17 per share and 6.74 times its price-to-book value, exchange data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.
Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.56.
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