Share price of PI Industries falls as Nifty strengthens

Shares of Ltd. slipped 0.42 per cent to Rs 3321.9 in Thursday’s trade as of 12:34PM (IST).

The stock hit a high price of Rs 3363.4 and low of Rs 3318.95 during the session.

The return on equity (ROE) for the stock stood at 13.81 per cent. Traded volume on the counter stood at 12:34PM shares and turnover at Rs 0.45 crore around that time.

The stock of PI Industries Ltd. quoted a 52-week high and 52-week low prices of Rs 3533.3 and Rs 1982.45, respectively.

The Beta value of the counter, 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-Jun-2021, while foreign investors held 23.73 per cent and domestic institutional investors had 17.89 per cent.

Key Financials

The company reported consolidated sales of Rs 1221.5 crore for the quarter ended 30-Jun-2021, down 1.6 per cent from previous quarter’s Rs 1241.3 crore and down 14.34 per cent from the year-ago quarter’s Rs 1068.3 crore.

Net profit after tax for the latest quarter stood at Rs 187.2 crore, up 28.66 per cent from the same quarter a year ago.

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