PI Industries rises 1.1% as Sensex climbs


Shares of Ltd. traded at Rs 3019.5 on BSE at 01:18PM (IST) on Friday, up 1.1 per cent from previous close.

The scrip quoted a 52-week low price of Rs 1982.45 and a high of Rs 3533.3.

Earlier, the stock saw a gap up opening in the morning.

A total of 2,112 lakh shares changed hands on the counter till 01:18PM (IST).

The stock of PI Industries Ltd. commanded a market value of Rs 45881.08 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 57.93, while the price-to-book value ratio stood at 6.41. Return on equity (ROE) was at 13.81 per cent, according to exchange data.

In the BSE500 pack, 417 stocks traded in the green, while 83 stocks were in the red.

The stock’s beta value, which measures volatility in relation to the broader market, stood at 0.56.

Promotor/FII Holding

Promoters held 46.74 per cent in PI Industries Ltd. as of 30-Sep-2021 while overseas and domestic institutional investors owned 19.71 per cent and 13.06 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 2891.61 on December 31, while the 50-DMA was at 2919.36. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

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