PI Industries Percentage Worth: PI Industries stocks down 2.6% as Sensex rises

Inventory . fell 2.6% to Rs.

Previous within the day, shares witnessed an opening down early within the consultation. Stocks posted a 52-week top of Rs 3,698.5 and a 52-week low of Rs 2,334.35 at the NSE. About 6,045 stocks modified palms at the counter via 1:38 pm (IST).

Stocks opened at Rs 3128.85 and made intraday highs and lows of Rs 3151.0 and Rs 3038.3 right through the consultation. The file lists a value to income ratio (PE) of 45.24, income in step with proportion (EPS) of Rs 67.51 and value to e-book worth (PB) of seven.01, whilst a go back on fairness (ROE) of 13.78 rupees.

Promoter / Maintaining FII
As of January 24, the promoters owned 184.36% of the corporate, whilst FII and MF owned 74.4% and 65.48%, respectively.

Key monetary signs
With a marketplace capitalization of Rs 46,333.95 crore, the corporate operates within the pesticide/agrochemical business. For the quarter ended September 30, 2022, the corporate reported consolidated gross sales of Rs 1,801.7 crore, up 14.96% from the former quarter (Rs 1,567.3 crore) and up 30.38%, than in the similar quarter a yr in the past. The corporate reported a web benefit of Rs 334.8 crore for the newest quarter, up 45.82% from the corresponding quarter final yr.

Technical signs
The relative energy index (RSI) of the inventory is 22.34. RSI fluctuates between 0 and 100. Historically thought to be an overbought situation when the RSI worth is above 70 and an oversold situation when it’s under 30. Analysts say the RSI indicator must no longer be seen in isolation, because it will not be sufficient to just accept a business be offering, needless to say. simply as a basic analyst can’t make a purchase or promote advice the use of a unmarried valuation ratio.

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