Share price of PI Industries rises as Nifty strengthens

Shares of PI Industries Ltd. gained 2.83 per cent to Rs 4487.4 in Thursday’s trade as of 10:19AM (IST). The stock hit a high price of Rs 4494.1 and low of Rs 4377.2 during the session.

The return on equity (ROE) for the stock stood at 19.25 per cent. Traded volume on the counter stood at 10:19AM shares and turnover at Rs 0.81 crore around that time. The stock of PI Industries Ltd. quoted a 52-week high price of Rs 4581.8 and 52-week low prices of Rs 3060.0, 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 46.09 per cent stake in the company as of 30-Jun-2024, while FIIs held 18.76 per cent and domestic institutional investors had 15.17 per cent.

Key Financials

The company reported consolidated sales of Rs 2141.6 crore for the quarter ended 30-Jun-2024, up 19.05 per cent from previous quarter’s Rs 1798.9 crore and up 9.42 per cent from the year-ago quarter’s Rs 1957.3 crore. Net profit after tax for the latest quarter stood at Rs 448.8 crore, up 17.21 per cent from the same quarter a year ago.

Technicals
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.

Note: This article have been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here

Related Posts

Coronavirus news blog for Bavaria: No more mask requirement in class

Inzidenz steigt auf 90,1Montag, 4. Oktober, 7.04 Uhr: Die Sieben-Tage-Inzidenz im Freistaat steigt weiterhin leicht. Zu Wochenbeginn liegt sie nach Angaben des Robert-Koch-Instituts bei 90,1. Die bundesweite Inzidenz liegt bei 64,7. Der Unterschied der Infektionszahlen nach Ungeimpften und Geimpften ist weiterhin extrem groß. Während der Sieben-Tage-Wert bei den Ungeimpften bei 194,6 liegt, ist er bei…
Read More
Ukrainian, Russian officials to meet in Belarus for talks thumbnail

Ukrainian, Russian officials to meet in Belarus for talks

Demonstrators hold signs and flags during a protest February 26 in Tel Aviv, Israel, in support of Ukraine after the Russian invasion and massive military operation. Photo by Debbie Hill/UPI | License Photo Feb. 27 (UPI) -- A Ukrainian delegation will meet with Russian officials for talks along the Ukrainian-Belarusian border, Ukrainian President Volodymyr Zelensky's…
Read More

Vietnam agrees to zoning arrangement to allow for safe trade from Canada in the event of an African swine fever outbreak

Today, Canada's Chief Veterinary Officer, Dr. Mary Jane Ireland, announced that the Canadian Food Inspection Agency (CFIA) and the Vietnam Food Administration have agreed to an African swine fever (ASF) zoning arrangement to allow for the safe trade of swine products from disease-free zones in Canada in the event of an ASF outbreak. October 6,…
Read More
When does the UAS propose to return to PRESENTIAL classes in Sinaloa? thumbnail

When does the UAS propose to return to PRESENTIAL classes in Sinaloa?

Sinaloa.- Este viernes la Universidad Autónoma de Sinaloa (UAS) definió una posible fecha para el regreso a clases presenciales en todos sus niveles bajo un Plan de Acción Integral en cada escuela, facultad y extensión académica que incluya todos los protocolos sanitarios por la pandemia de Covid-19.La UAS informó en comunicado que la fecha tentativa…
Read More
Index Of News
Total
0
Share