PI Industries shares up 2.13% as Nifty gains
PI Industries Ltd. traded 2.13 per cent up in Friday's trade at 11:57AM (IST). Around 967 shares changed hands on the counter.
The stock opened at Rs 3394.2 and touched an intraday high and low of Rs 3468.5 and Rs 3394.2, respectively, in the session so far. The stock of PI Industries Ltd. quoted a 52-week high of Rs 4010.0 and a 52-week low of Rs 2870.0.
As per BSE, the total market cap of the PI Industries Ltd. stood at Rs 52418.61 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 1957.3 crore for the quarter ended 30-Jun-2023, up 21.19 per cent from previous quarter's Rs 1615.1 crore and up 24.88 per cent from the year-ago quarter's Rs 1567.3 crore.
The net profit for latest quarter stood at Rs 382.9 crore, up 45.92 per cent from the same quarter a year ago.
Shareholding pattern As of 30-Jun-2023, DIIs held 16.79 per cent stake in the firm, while foreign institutional investors held 19.17 per cent and the promoters 46.01 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 38.83 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.
