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    PI Industries shares up 0.21% as Nifty drops

    Synopsis

    A total of 4,265 shares changed hands on the counter till 11:58AM (IST).

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    NEW DELHI: Shares of PI Industries Ltd. traded 0.21 per cent up in Thursday's trade at 11:58AM (IST). Around 4,265 shares changed hands on the counter.

    The scrip opened at Rs 2698.95 and touched an intraday high and low of Rs 2710.4 and Rs 2687.9, respectively, in the session so far. The stock of PI Industries Ltd. quoted a 52-week high of Rs 3533.3 and a 52-week low of Rs 1982.45.

    Total market cap of the PI Industries Ltd. stood at Rs 41016.23 crore at the time of writing this report.

    Key Financials
    The company reported consolidated net sales of Rs 1381.9 crore for the quarter ended 30-Sep-2021, up 13.13 per cent from previous quarter's Rs 1221.5 crore and up 16.0 per cent from the year-ago quarter's Rs 1191.3 crore.

    The net profit for latest quarter stood at Rs 229.6 crore, up 5.51 per cent from the corresponding quarter last year.

    Shareholding pattern
    As of 30-Sep-2021, DIIs held 13.06 per cent stake in the company, while foreign institutional investors held 24.13 per cent and the promoters 46.74 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a P/E multiple of 51.79 and a price-to-book ratio of 6.41. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.

    PI Industries Ltd. belongs to the Pesticides/Agro Chem industry.



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

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

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

    ...more
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