Shares of PI Industries rise as Nifty gains
PI Industries Ltd. gained 0.16 per cent to Rs 3320.5 in Monday's trade as of 11:16AM (IST). It hit a high of Rs 3335.6 and low of Rs 3297.1 during the session.
The stock quoted a 52-week high price of Rs 4010.0 and a low of Rs 2870.0. The return on equity for the stock stood at 17.07 per cent. About 1,689 shares have changed hands on the counter so far.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.56.
The scrip has been an underperformer, up 3.29 per cent in the past one year in comparison with a 10.88 per cent gain in Sensex.
Technicals On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 2870.0 on October 30, while the 50-DMA was at Rs 3536.46.
If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding Promoters held 46.09 per cent stake in PI Industries Ltd.
