PI Industries shares drop 0.42% as Sensex rises

A total of 3,334 shares changed hands on the counter till 12:17PM (IST)

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Shares of PI Industries Ltd. traded 0.42 per cent down at Rs 4594.

05 at 12:17PM (IST) on Monday, even as BSE benchmark Sensex gained 2.56 points to 81186.49.



The stock had closed at Rs 4613.8 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 4660.

0 and Rs 3060.0, respectively. As per BSE data, total traded volume on the counter till 12:17PM (IST) stood at 12:17PM shares with turnover at Rs 1.

53 crore. At the prevailing price, the stock trades at 39.81 times its trailing 12-month earnings per share of Rs 115.

17 per share and 6.74 times its price-to-book value, the exchange data showed. A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.

Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business. Stock Trading Market 101: An Insight into Trendlines and Momentum By - Rohit Srivastava, Founder View Program Stock Trading Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading By - Rohit Srivastava, Founder View Program Stock Trading Market 103: Mastering Trends with RMI and Techno-Funda Insights By - Rohit Srivastava, Founder View Program Stock Trading Market 104: Options Trading: Kickstart Your F&O Adventure By - Saketh R, Founder- QuickAlpha, Full Time Options Trader View Program The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 0.56.

Shareholding Details Promoters held 46.09 per cent stake in the company as of 30-Jun-2024, while FIIs owned 18.76 per cent and DIIs 25.

84 per cent. (You can now subscribe to our ETMarkets WhatsApp channel ).