PI Industries share price down 0.16 per cent

Shares of PI Industries Ltd. traded 0.16 per cent up at Rs 3650.15 at around 12:23PM (IST) on Friday. The stock had closed at Rs 3656.3 in the previous session. Equity benchmark Sensex traded 244.85 points higher at 67763.85 around the same time. The scrip has climbed 11.37 per cent in the last one year till date, while the 30-share index has gained 11.87 per cent during the same period.

The stock’s 52-week high price stood at Rs 4010.0 and the 52-week low price at Rs 2870.0.

Trading volume on the counter stood at 1,409 shares, while it quoted a price-to-earnings ratio of 41.04, an EPS value of 88.99 and a price-to-book value of 6.39. In the Nifty50 pack, 32 stocks traded in the green, while 18 stocks were in the red.

Promoter/FII Holding
Promoters held 46.09 per cent stake in the company as of 30-Jun-2023, while FII and mutual funds’ ownership stood at 19.17 per cent and 16.79 per cent, respectively.

Key Financials
For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 1957.3 crore, up 21.19 per cent from the previous quarter’s Rs 1615.1 crore and up 24.88 per cent from the year-ago quarter’s Rs 1567.3 crore. The company reported net profit of Rs 382.9 crore for the latest quarter.

Technical Indicators
The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

(What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

Top Trending Stocks: Sensex Today Live, SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price