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PI Industries shares gain 1.11% as Sensex rises


Shares of PI Industries Ltd. traded 1.11 per cent up at Rs 3490.0 at 12:10PM (IST) on Tuesday, even as BSE benchmark Sensex gained 247.85 points to 62012.1. The stock had settled at Rs 3451.65 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 3698.5 and Rs 2366.55, respectively.

As per BSE data, total traded volume on the counter till 12:10PM (IST) stood at 12:10PM shares with turnover at Rs 2.21 crore.

At the current price, the stock trades at 45.87 times its trailing 12-month earnings per share of Rs 76.02 per share and 7.01 times its price-to-book value, the exchange data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 0.56.

Shareholding Details
Promoters held 46.09 per cent stake in the company as of 31-Mar-2023, while FIIs owned 18.59 per cent and DIIs 24.06 per cent.



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