PI Industries shares up 0.24% as Sensex rises

Shares of . gained 0.24 per cent to Rs 3385.0 in Thursday’s session as of 01:55PM (IST) even as the fairness benchmark Sensex traded 399.11 factors greater at 61909.69.

Earlier within the day, the inventory witnessed a niche down begin to the session. The inventory quoted a 52-week excessive worth of Rs 3698.5 and a 52-week low of Rs 2334.35 on NSE. Around 5285 shares modified arms on the counter until 01:55PM (IST).

The inventory opened at Rs 3350.2 and has touched an intraday excessive and low of Rs 3403.1 and Rs 3350.2 in the course of the session thus far. The inventory quoted a price-to-earnings (PE) ratio of fifty.19, earnings per share (EPS) of Rs 67.51 and worth to e-book worth (PB) of seven.01, whereas the return on fairness (ROE) stood at Rs 13.78.

Promoter/ FII Holding
The promoters held 46.09 per cent stake within the firm as of November 24, whereas FII and MF ownerships stood at 23.1 per cent and 16.39 per cent, respectively.

Key Financials

With a market capitalisation of Rs 51407.41 crore, the corporate operates within the Pesticides/Agro Chem business. For the quarter ended 30-Sep-2022, the corporate reported consolidated gross sales of Rs 1801.7 crore, up 14.96 per cent from the earlier quarter?s Rs 1567.3 crore and up 30.38 per cent from the identical quarter a 12 months in the past. The firm reported internet revenue of Rs 334.8 crore for the newest quarter, up 45.82 per cent from the corresponding quarter final 12 months.

Technical Indicators
The relative energy index (RSI) of the inventory stands at 57.23. The RSI oscillates between zero and 100. Traditionally, it’s thought of overbought situation when the RSI worth is above 70 and oversold situation when it’s under 30. Analysts say the RSI indicator shouldn’t be seen in isolation, as it is probably not enough to take a buying and selling name, simply the best way a elementary analyst can’t give a “buy” or “sell” suggestion utilizing a single valuation ratio.

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