PI Industries shares rise 0.55% as Nifty gains
PI Industries Ltd. traded 0.55 per cent up at Rs 4244.0 on Tuesday at around 10:45AM (IST), while the benchmark BSE Sensex advanced 317.9 points to 79077.3.
As many as 5,690 shares changed hands on the counter with a total value of Rs 2.42 crore.
The stock quoted a 52-week high price of Rs 4465.0 and a 52-week low of Rs 3060.0.
On the technical charts, the 200-DMA of the stock stood at Rs 3654.44, while 50-DMA was at Rs 3847.5. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.
Shares of the company have advanced 14.71 per cent in the past one year, while Sensex has risen 18.54 per cent during the same period.
According to BSE data, the stock trades at a price-to-earnings multiple of 38.1 and a price-to-book ratio of 6.74. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price to book value indicates the inherent value of a company and reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the Pesticides/Agro Chem industry.
(You can now subscribe to our ETMarkets Read more on economictimes.indiatimes.com
