Share price of PI Industries jumps as Sensex gains 617.63 points
PI Industries Ltd. gained 0.03 per cent to Rs 3450.0 at 01:00PM (IST) in Monday's trade. The stock has hit a high of Rs 3486.3 and low of Rs 3430.0 so far during the session.
The stock had closed at Rs 3448.95 in the previous session.
The counter has had a total traded volume of 2524 shares so far with a value of Rs 0.88 crore on the NSE. It traded at a price-to-earnings multiple of 34.94 and a price-to-book ratio of 6.39.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 5.76 per cent during the past one year, while the 30-share index advanced 21.76 per cent during the same period.
PI Industries Ltd. belongs to the Pesticides/Agro Chem industry.
Promotor/FII Holding Promoters held 46.09 per cent stake in the company as of 30-Sep-2023, while FIIs and domestic institutional investors ownership stood at 20.01 per cent and 17.26 per cent, respectively.
