PI Industries shares up 1.17% as Sensex falls
A total of 1,223 shares changed hands on the counter till 10:56AM (IST)
Shares of gained 1.17 per cent to Rs 3666.7 in Monday's session as of 10:56AM (IST) even as the equity benchmark traded 235.86 points lower at 73883.53.Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 4010.0 and a 52-week low of Rs 2870.0 on . Around 1223 shares changed hands on the counter till 10:56AM (IST).
The stock opened at Rs 3625.3 and has touched an intraday high and low of Rs 3677.8 and Rs 3624.15 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 34.92, earnings per share (EPS) of Rs 104.97 and price to book value (PB) of 6.39, while the return on equity (ROE) stood at Rs 17.07.
Promoter/ FII Holding
The promoters held 46.09 per cent stake in the company as of March 11, while FII and MF ownerships stood at 20.41 per cent and 16.36 per cent, respectively.
Key Financials
With a market capitalisation of Rs 55610.0 crore, the company operates in the Pesticides/Agro Chem industry. For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 1953.6 crore, down 9.71 per cent from the previous quarter?s Rs 2163.8 crore and down 17.45 per cent from the same quarter a year ago. The company reported net profit of Rs 448.6 crore for the latest quarter, up 27.52 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 58.91. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition 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
