PI Industries shares gain 3.87% as Sensex rises

economictimes.indiatimes.com:

PI Industries Ltd. traded 3.87 per cent higher in Tuesday's session at 10:05AM (IST). The stock opened at Rs 3795.95 and has touched an intraday high and low of Rs 3910.7 and Rs 3795.45, respectively, during the session so far.
The stock quoted a 52-week high of Rs 4032.0 and a 52-week low of 3060.0. About 12,231 shares changed hands on the counter so far.

Benchmark Nifty50 was up 60.05 points at 24380.6, while the BSE Sensex traded 235.17 points higher at 80195.55 at the time of writing of this report.
In the Nifty pack, 29 stocks traded the day in the green, while 21 were in the red.

Key Financials For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 1798.9 crore, down 7.92 per cent from the previous quarter's Rs 1953.6 crore and down 11.38 per cent from the year-ago quarter. The company reported net profit of Rs 369.5 crore for the latest quarter.
Promoter Holdings Promoters held 46.09 per cent stake in the company as of 31-Mar-2024, while FIIs held 20.26 per cent and MFs 14.99 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 3593.53 on July 09, while the 50-DMA was at Rs 3667.22. 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.