PI Industries shares down 0.45% as Nifty gains
A total of 7,240 shares changed hands on the counter till 01:02PM (IST).
NEW DELHI: Shares of traded 0.45 per cent down in Friday's trade at 01:02PM (IST). Around 7,240 shares changed hands on the counter.The counter opened at Rs 3660.05 and touched an intraday high and low of Rs 3682.2 and Rs 3597.2, 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.
As per , the total market cap of the . stood at Rs 55529.59 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, up 31.68 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 company, while foreign institutional investors held 20.26 per cent and the promoters 46.09 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 33.02 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
