PI Industries shares rise 0.65 per cent in Monday's trading session
The Relative Strength Index of the stock stood at 47.13 on Monday.
Shares of rose 0.65 per cent to Rs 3733.5 in Monday's trade as of 11:57AM (IST) even as the benchmark ruled at 22307.0, up 160.0 points.The scrip had closed at Rs 3709.35 in the previous session. The stock quoted a 52-week low of Rs 3015.15 and a high of Rs 4032.0. The company quoted a market-cap of Rs 56751.68 crore on the .
On BSE, 24,507 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 35.63 times its trailing 12-month EPS of Rs 104.97 per share and 6.39 times its book value. The return on equity (ROE) stood at Rs 17.07.
Key Financials
For the quarter ended 31-Dec-2023, reported consolidated sales of Rs 1953.6 crore, down 17.45 per cent from the same quarter a year ago. The company reported 27.52 per cent YoY growth in net profit at Rs 448.6 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Monday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
Source: Stocks-Markets-Economic Times
