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    PI Industries shares up 2.92% as Nifty gains

    Synopsis

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

    A man walks past the Bombay Stock Exchange (BSE) building in MumbaiReuters
    Stocks in focus: RIL, Tata Motors, Infosys, IIFL Securities, Apollo Hospitals, Punjab National Bank, NBCC and more..
    Shares of PI Industries Ltd. rose 2.92 per cent to Rs 3585.0 in Wednesday's trade. It hit an intraday high of Rs 3597.3 and low of Rs 3466.05, respectively, during the day.

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

    As of 10:51AM (IST), the counter saw total traded volume of 3,199 shares with a traded value of Rs 1.13 crore, according to NSE.

    The stock had closed at Rs 3483.2 in the previous session.

    The scrip has advanced 5.44 per cent in the past one month till date, while the benchmark BSE Sensex has gained 2.97 per cent during the same period.

    According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 53.02 while price-to-book ratio stood at 7.01. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

    The stock belongs to the Pesticides/Agro Chem industry.

    Promoter/FII Holding
    Promoters held 46.74 per cent stake in the company as of 30-Sep-2022, while FII and MF ownership in the firm stood at 15.97 per cent and 15.78 per cent, respectively.

    Key Financials
    The company reported consolidated 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 net 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
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