The Economic Times daily newspaper is available online now.

    Share price of PI Industries jumps as Sensex drops 274.65 points

    Synopsis

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

    market-getty-24Getty Images
    Shrikant Chouhan of Kotak Securities said Nifty50 topping the 15,800 mark was completely unexpected.
    The share price of PI Industries Ltd. gained 0.05 per cent to Rs 3475.85 at 12:33PM (IST) in Friday's trade. The counter has hit a high of Rs 3511.0 and low of Rs 3456.05 so far during the session. The stock had closed at Rs 3474.25 in the previous session.

    The counter has had a total traded volume of 2442 shares so far with a value of Rs 0.85 crore on the NSE. It traded at a price-to-earnings multiple of 51.44 and a price-to-book ratio of 7.01.

    A higher price-to-earnings 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 reflects the price investors are willing to pay even for no growth in the business.

    The scrip gained 18.41 per cent during the past one year, while the 30-share index advanced 9.78 per cent during the same period.

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

    Promotor/FII Holding
    Promoters held 46.74 per cent stake in the company as of 30-Sep-2022, while overseas investors and domestic institutional investors ownership stood at 15.97 per cent and 15.78 per cent, respectively.

    Key Financials
    The company 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.

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



    (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


    (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

    Stories you might be interested in