Share price of PI Industries jumps as Sensex drops 40.45 points
PI Industries Ltd. gained 0.58 per cent to Rs 3700.0 at 10:51AM (IST) in Wednesday's trade.
The stock has hit a high of Rs 3716.15 and low of Rs 3690.25 so far during the session. The stock had closed at Rs 3678.45 in the previous session.
The counter has had a total traded volume of 3882 shares so far with a value of Rs 143.0 crore on the NSE.
It traded at a price-to-earnings multiple of 41.58 and a price-to-book ratio of 6.39.
A higher price-to-earnings 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 11.1 per cent during the past one year, while the 30-share index advanced 9.29 per cent during the same period.
PI Industries Ltd. belongs to the Pesticides/Agro Chem industry.
Promotor/FII Holding Promoters held 46.01 per cent stake in the company as of 30-Jun-2023, while FIIs and domestic institutional investors ownership stood at 19.17 per cent and 16.79 per cent, respectively.
Key Financials The company reported consolidated net sales of Rs 1957.3 crore for the quarter ended 30-Jun-2023, up 21.19 per cent from the previous quarter's Rs 1615.1 crore and up 24.88 per cent from the year-ago quarter's Rs 1567.3 crore.
Profit for the latest quarter stood at Rs 382.9 crore, up 45.92 per cent from the same quarter a year ago.
