PI Industries shares gain 0.5% as Sensex rises

Shares of PI Industries Ltd. traded 0.5 per cent up at Rs 3264.6 at 11:28AM (IST) on Friday, even as BSE benchmark Sensex gained 49.63 points to 60908.06. The stock had closed at Rs 3248.5 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 3698.5 and Rs 2334.35, respectively.

As per BSE data, total traded volume on the counter till 11:28AM (IST) stood at 11:28AM shares with turnover at Rs 0.2 crore.

At the prevailing price, the stock trades at 48.36 times its trailing 12-month earnings per share of Rs 67.51 per share and 7.01 times its price-to-book value, BSE 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-Dec-2022, while FIIs owned 18.6 per cent and DIIs 24.24 per cent.