PI Industries shares gain 0.28% as Sensex falls

economictimes.indiatimes.com:

PI Industries Ltd. traded 0.28 per cent higher in Thursday's session at 11:46AM (IST). The stock opened at Rs 4545.6 and has touched an intraday high and low of Rs 4555.0 and Rs 4508.05, respectively, during the session so far.
The stock quoted a 52-week high of Rs 4632.75 and a 52-week low of 3060.0. About 1,484 shares changed hands on the counter so far.

Benchmark Nifty50 was down 22.75 points at 25175.95, while the BSE Sensex traded 91.55 points lower at 82261.09 at the time of writing of this report.
In the Nifty pack, 22 stocks traded the day in the green, while 27 were in the red.

Key Financials For the quarter ended 30-Jun-2024, the company reported consolidated sales of Rs 2141.6 crore, up 19.05 per cent from the previous quarter's Rs 1798.9 crore and up 9.42 per cent from the year-ago quarter. The company reported net profit of Rs 448.8 crore for the latest quarter.
Promoter Holdings Promoters held 46.09 per cent stake in the company as of 30-Jun-2024, while FIIs held 18.76 per cent and MFs 15.17 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 3753.92 on September 05, while the 50-DMA was at Rs 4179.37. 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.