Shares of PI Industries fall as Nifty gains
On the technical charts, the 200-day moving average of the stock stood at Rs 3593.72.
Shares of slipped 0.28 per cent to Rs 3649.95 in Tuesday's trade as of 01:55PM (IST). It hit a high of Rs 3675.3 and low of Rs 3585.5 during the session.The stock quoted a 52-week high price of Rs 4032.0 and a low of Rs 3060.0. The return on equity for the stock stood at 17.07 per cent. About 6,019 shares have changed hands on the counter so far.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.56.
The scrip has been an underperformer, up 7.41 per cent in the past one year in comparison with a 18.56 per cent gain in .
Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 3060.0 on May 14, while the 50-DMA was at Rs 3713.55. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding
Promoters held 46.09 per cent stake in as of 31-Mar-2024. Mutual funds and foreign institutional investors held 14.99 per cent and 20.26 per cent stake.
Source: Stocks-Markets-Economic Times
