Share price of PI Industries falls as Sensex drops 402.22 points
Promoters held 46.09 per cent stake in the company as of 31-Dec-2023, while FII and DII ownership stood at 20.41 per cent and 16.36 per cent, respectively.
The share price of dropped 0.92 per cent to Rs 3677.8 at 11:00AM (IST) in Friday's trade. The scrip has hit a high of Rs 3714.0 and low of Rs 3656.0 so far during the session. The stock had closed at Rs 3712.0 in the previous session.The counter has had a total traded volume of 1364 shares so far with a value of Rs 0.51 crore on the . It traded at a price-to-earnings multiple of 35.08 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 reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 16.61 per cent during the past one year, while the 30-share index advanced 20.49 per cent during the same period.
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 overseas investors and domestic institutional investors ownership stood at 20.41 per cent and 16.36 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.
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
