Share price of PI Industries jumps as Sensex gains 305.03 points
Promoters held 46.09 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 20.26 per cent and 14.99 per cent, respectively.
The share price of gained 0.13 per cent to Rs 3611.35 at 11:46AM (IST) in Friday's trade. The stock has hit a high of Rs 3649.75 and low of Rs 3579.0 so far during the session. The stock had closed at Rs 3606.45 in the previous session.The counter has had a total traded volume of 2098 shares so far with a value of Rs 0.76 crore on the . It traded at a price-to-earnings multiple of 35.69 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 8.98 per cent during the past one year, while the 30-share index advanced 19.74 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-Mar-2024, while FIIs and domestic institutional investors ownership stood at 20.26 per cent and 14.99 per cent, respectively.
Key Financials
The company 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
