PI Industries Share Worth: PI Industries shares down 1.2% as Sensex falls

Shares of PI Industries Ltd. fell 1.2 per cent to Rs 3363.9 in Wednesday’s session as of 01:29PM (IST) even because the fairness benchmark Sensex traded 463.2 factors decrease at 64108.68.

Earlier within the day, the inventory witnessed a spot down begin to the session. The inventory quoted a 52-week excessive worth of Rs 4010.0 and a 52-week low of Rs 2870.0 on NSE. Round 3659 shares modified palms on the counter until 01:29PM (IST).

The inventory opened at Rs 3400.05 and has touched an intraday excessive and low of Rs 3432.85 and Rs 3333.0 in the course of the session to date. The inventory quoted a price-to-earnings (PE) ratio of 37.58, earnings per share (EPS) of Rs 88.99 and worth to guide worth (PB) of 6.39, whereas the return on fairness (ROE) stood at Rs 17.07.

Promoter/ FII Holding
The promoters held 46.09 per cent stake within the firm as of October 25, whereas FII and MF ownerships stood at 20.01 per cent and 17.26 per cent, respectively.

Key Financials
With a market capitalisation of Rs 50730.75 crore, the corporate operates within the Pesticides/Agro Chem business. For the quarter ended 30-Jun-2023, the corporate reported consolidated gross sales of Rs 1957.3 crore, up 21.19 per cent from the earlier quarter?s Rs 1615.1 crore and up 24.88 per cent from the identical quarter a 12 months in the past. The corporate reported web revenue of Rs 382.9 crore for the most recent quarter, up 45.92 per cent from the corresponding quarter final 12 months.

Technical Indicators
The relative power index (RSI) of the inventory stands at 34.52. The RSI oscillates between zero and 100. Historically, it’s thought-about overbought situation when the RSI worth is above 70 and oversold situation when it’s beneath 30. Analysts say the RSI indicator shouldn’t be seen in isolation, because it might not be enough to take a buying and selling name, simply the best way a basic analyst can’t give a “purchase” or “promote” advice utilizing a single valuation ratio.

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