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HomeEconomicsShare price of PI Industries falls as Nifty strengthens...

Share price of PI Industries falls as Nifty strengthens : Shivpurinews.in

Shares of Ltd. slipped 2.29 per cent to Rs 2882.2 in Monday’s trade as of 02:11PM (IST). The stock hit a high price of Rs 2950.0 and low of Rs 2882.2 during the session.
The return on equity (ROE) for the stock stood at 13.81 per cent. Traded volume on the counter stood at 02:11PM shares and turnover at Rs 2.61 crore around that time. The stock of PI Industries Ltd. quoted a 52-week high price of Rs 3533.3 and 52-week low prices of Rs 1982.45, respectively.

The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 0.56.

Promotor/FII Holding

Promoters held 46.74 per cent stake in the company as of 30-Sep-2021, while FIIs held 19.71 per cent and domestic institutional investors had 13.06 per cent.
Key Financials

The company reported consolidated sales of Rs 1381.9 crore for the quarter ended 30-Sep-2021, up 13.13 per cent from previous quarter’s Rs 1221.5 crore and up 16.0 per cent from the year-ago quarter’s Rs 1191.3 crore. Net profit after tax for the latest quarter stood at Rs 229.6 crore, up 5.51 per cent from the same quarter a year ago.

The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.

It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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