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    PI Industries shares down 0.47% as Nifty gains

    Synopsis

    A total of 1,365 shares changed hands on the counter till 11:07AM (IST).

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    NEW DELHI: Shares of PI Industries Ltd. traded 0.47 per cent down in Friday's trade at 11:07AM (IST). Around 1,365 shares changed hands on the counter.

    The counter opened at Rs 2973.05 and touched an intraday high and low of Rs 3025.35 and Rs 2973.05, respectively, in the session so far. Shares of the company of PI Industries Ltd. quoted a 52-week high of Rs 3698.5 and a 52-week low of Rs 2352.95.

    Total market cap of the PI Industries Ltd. stood at Rs 45497.99 crore at the time of writing this report.

    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 previous quarter's Rs 1567.3 crore and up 30.38 per cent from the year-ago quarter's Rs 1381.9 crore.

    The net profit for latest quarter stood at Rs 334.8 crore, up 45.82 per cent from the corresponding quarter last year.

    Shareholding pattern
    As of 31-Dec-2022, domestic institutional investors held 16.37 per cent stake in the company, while foreign institutional investors held 18.6 per cent and the promoters 46.09 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a price-to-earnings multiple of 44.42 and a price-to-book ratio of 7.01. 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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