PI Industries shares gain 0.27% as Sensex rises
The stock quoted a 52-week high of Rs 4032.0 and a 52-week low of Rs 3060.0.
Shares of traded 0.27 per cent higher in Wednesday's session at 12:47PM (IST). The stock opened at Rs 3622.5 and has touched an intraday high and low of Rs 3640.0 and Rs 3591.3, respectively, during the session so far.The stock quoted a 52-week high of Rs 4032.0 and a 52-week low of 3060.0. About 1,874 shares changed hands on the counter so far.
Benchmark Nifty50 was up 141.06 points at 23405.9, while the BSE traded 422.03 points higher at 76878.62 at the time of writing of this report.
In the pack, 38 stocks traded the day in the green, while 12 were in the red.
Key Financials
For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 1798.9 crore, down 7.92 per cent from the previous quarter's Rs 1953.6 crore and down 11.38 per cent from the year-ago quarter. The company reported net profit of Rs 369.5 crore for the latest quarter.
Promoter Holdings
Promoters held 46.09 per cent stake in the company as of 31-Mar-2024, while FIIs held 20.26 per cent and MFs 14.99 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 3583.24 on June 12, while the 50-DMA was at Rs 3684.1. If a stock trades 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 as bearish trend and if trades between these averages, then it suggests the stock can go either way.
Source: Stocks-Markets-Economic Times
