Share price of PI Industries rises as Nifty weakens
A total of 927 shares changed hands on the counter till 11:31AM (IST).
Shares of gained 0.06 per cent to Rs 3790.3 in Friday's trade as of 11:31AM (IST).The stock hit a high price of Rs 3802.35 and low of Rs 3779.35 during the session.
The return on equity (ROE) for the stock stood at 19.25 per cent. Traded volume on the counter stood at 11:31AM shares and turnover at Rs 0.36 crore around that time.
The stock of quoted a 52-week high and 52-week low prices of Rs 4032.0 and Rs 3060.0, respectively.
The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 0.56.
Promotor/FII Holding
Promoters held 46.09 per cent stake in the company as of 31-Mar-2024, while FIIs held 20.26 per cent and domestic institutional investors had 24.18 per cent.
Key Financials
The company reported consolidated sales of Rs 1798.9 crore for the quarter ended 31-Mar-2024, down 7.92 per cent from previous quarter's Rs 1953.6 crore and down 11.38 per cent from the year-ago quarter's Rs 1615.1 crore.
Net profit after tax for the latest quarter stood at Rs 369.5 crore, up 31.68 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
