PI Industries shares gain 0.1% as Sensex rises
PI Industries Ltd. traded 0.1 per cent higher in Thursday's session at 12:38PM (IST).
The stock opened at Rs 3868.65 and has touched an intraday high and low of Rs 3868.7 and Rs 3818.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 4010.0 and a 52-week low of 2616.4.
About 2,798 shares changed hands on the counter so far. Benchmark Nifty50 was up 45.4 points at 19443.9, while the BSE Sensex traded 139.94 points higher at 65585.98 at the time of writing of this report.
In the Nifty pack, 30 stocks traded the day in the green, while 20 were in the red.Key Financials For the quarter ended 31-Mar-2023, the company reported consolidated sales of Rs 1615.1 crore, down 2.9 per cent from the previous quarter's Rs 1663.4 crore and down 14.13 per cent from the year-ago quarter. The company reported net profit of Rs 280.6 crore for the latest quarter.Promoter Holdings Promoters held 46.09 per cent stake in the company as of 31-Mar-2023, while FIIs held 18.59 per cent and MFs 16.4 per cent.Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 3294.52 on July 06, while the 50-DMA was at Rs 3579.42.
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.
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