PI Industries shares up 0.21% as Nifty gains
PI Industries Ltd. traded 0.21 per cent up in Tuesday's trade at 12:07PM (IST). Around 2,688 shares changed hands on the counter.
The scrip opened at Rs 3589.05 and touched an intraday high and low of Rs 3595.0 and Rs 3547.1, respectively, in the session so far. The stock of PI Industries Ltd. quoted a 52-week high of Rs 4032.0 and a 52-week low of Rs 3060.0.
As per BSE, the total market cap of the PI Industries Ltd. stood at Rs 54452.39 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 1953.6 crore for the quarter ended 31-Dec-2023, down 9.71 per cent from previous quarter's Rs 2163.8 crore and down 17.45 per cent from the year-ago quarter's Rs 1663.4 crore.
The net profit for latest quarter stood at Rs 448.6 crore, up 27.52 per cent from the same quarter a year ago.
Shareholding pattern As of 31-Mar-2024, domestic institutional investors held 14.99 per cent stake in the company, while foreign institutional investors held 20.26 per cent and the promoters 46.09 per cent.
Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 34.19 and a price-to-book ratio of 6.39. 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 is the measure of the price that investors are ready to pay even for no growth in the business.
PI Industries Ltd. belongs to the Pesticides/Agro Chem industry.
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