Share price of PI Industries falls as Sensex drops 1.08 points
A total of 13,752 shares changed hands on the counter till 01:54PM (IST)
Share price of dropped 1.2 per cent to Rs 3912.5 at 01:54PM (IST) in Tuesday's trade. The counter hit a high of Rs 4032.0 and low of Rs 3844.9 so far during the session. The stock had closed at Rs 3960.3 in the previous session.The counter had a total traded volume of 01:54PM shares so far with a turnover of Rs 5.41 crore on . The stock traded at a price-to-earnings multiple of 38.41 and a price-to-book ratio of 6.39.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The 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.
Promotor/FII Holding
Promoters held 46.09 per cent stake in the company as of 31-Dec-2023, while foreign investors and domestic institutional investors ownership stood at 20.41 per cent and 22.99 per cent, respectively.
Key Financials
The firm reported consolidated net sales of Rs 1953.6 crore for the quarter ended 31-Dec-2023, down 9.71 per cent from the previous quarter's Rs 2163.8 crore and down 17.45 per cent from the year-ago quarter's Rs 1663.4 crore.
Its profit for the latest quarter stood at Rs 448.6 crore, up 27.52 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
