PI Industries shares down 0.2% as Nifty drops
A total of 707 shares changed hands on the counter till 12:43PM (IST).
NEW DELHI: Shares of traded 0.2 per cent down in Thursday's trade at 12:43PM (IST). Around 707 shares changed hands on the counter.The stock opened at Rs 3845.0 and touched an intraday high and low of Rs 3852.95 and Rs 3809.3, respectively, in the session so far. The stock of quoted a 52-week high of Rs 4032.0 and a 52-week low of Rs 3060.0.
Total market cap of the . stood at Rs 58203.62 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 1798.9 crore for the quarter ended 31-Mar-2024, down 7.92 per cent from previous quarter's Rs 1953.6 crore and down 11.38 per cent from the year-ago quarter's Rs 1615.1 crore.
The net profit for latest quarter stood at Rs 369.5 crore, 0.0 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Mar-2024, domestic institutional investors held 14.99 per cent stake in the firm, while foreign institutional investors held 20.26 per cent and the promoters 46.09 per cent.
Valuation ratio
According to data, the stock traded at a P/E multiple of 34.61 and a price-to-book ratio of 6.74. 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.
. belongs to the Pesticides/Agro Chem industry.
Source: Stocks-Markets-Economic Times
