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    Share price of PI Industries jumps as Sensex drops 468.8 points

    Synopsis

    A total of 2,183 shares changed hands on the counter till 10:41AM (IST)

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    India 10-year bond yield fell 0.34 per cent to 6.13 after trading in 6.13-6.16 range.
    Share price of PI Industries Ltd. gained 0.18 per cent to Rs 2979.4 at 10:41AM (IST) in Friday's trade. The stock hit a high of Rs 2990.2 and low of Rs 2939.8 so far during the session. The stock had closed at Rs 2974.0 in the previous session.

    The counter had a total traded volume of 10:41AM shares so far with a turnover of Rs 0.65 crore on BSE. The stock traded at a price-to-earnings multiple of 44.05 and a price-to-book ratio of 7.01.

    A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

    The 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.

    Promotor/FII Holding
    Promoters held 184.36 per cent stake in the company as of 31-Dec-2022, while foreign investors and domestic institutional investors ownership stood at 74.4 per cent and 96.96 per cent, respectively.

    Key Financials
    The firm reported consolidated net sales of Rs 1801.7 crore for the quarter ended 30-Sep-2022, up 14.96 per cent from the previous quarter's Rs 1567.3 crore and up 30.38 per cent from the year-ago quarter's Rs 1381.9 crore.

    Its profit for the latest quarter stood at Rs 334.8 crore, up 45.82 per cent from the same quarter a year ago.



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    (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.

    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
    The Economic Times

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