Shares of PI Industries Ltd. traded 0.67 per cent lower in Wednesday’s session at 01:59PM (IST). The stock opened at Rs 2840.0 and has touched an intraday high and low of Rs 2850.0 and Rs 2796.5, respectively, during the session so far.
The stock quoted a 52-week high of Rs 3533.3 and a 52-week low of 2201.75. About 7,487 shares changed hands on the counter so far.
Benchmark Nifty50 was up 138.9 points at 17464.20, while the BSE Sensex traded 566.17 points higher at 58509.82 at the time of writing of this report.
In the Nifty pack, 36 stocks traded the day in the green, while 14 were in the red.
Key Financials
For the quarter ended 31-Dec-2021, the company reported consolidated sales of Rs 1382.3 crore, up 0.03 per cent from the previous quarter’s Rs 1381.9 crore and up 15.1 per cent from the year-ago quarter. The company reported net profit of Rs 222.6 crore for the latest quarter.
Promoter Holdings
Promoters held 46.74 per cent stake in the company as of 31-Dec-2021, while FIIs held 24.39 per cent and MFs 13.61 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 2932.79 on March 30, while the 50-DMA was at Rs 2589.6. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
(What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)
Download The Economic Times News App to get Daily Market Updates & Live Business News.
Shares of PI Industries Ltd. traded 0.67 per cent lower in Wednesday’s session at 01:59PM (IST). The stock opened at Rs 2840.0 and has touched an intraday high and low of Rs 2850.0 and Rs 2796.5, respectively, during the session so far. The stock quoted a 52-week high of Rs 3533.3 and a 52-week low of 2201.75. About 7,487 shares changed hands on the counter so far. Benchmark Nifty50 was up 138.9 points at 17464.20, while the BSE Sensex traded 566.17 points higher at 58509.82 at the time of writing of this report. In the Nifty pack, 36 stocks traded the day in the green, while 14 were in the red. Key Financials For the quarter ended 31-Dec-2021, the company reported consolidated sales of Rs 1382.3 crore, up 0.03 per cent from the previous quarter’s Rs 1381.9 crore and up 15.1 per cent from the year-ago quarter. The company reported net profit of Rs 222.6 crore for the latest quarter. Promoter Holdings Promoters held 46.74 per cent stake in the company as of 31-Dec-2021, while FIIs held 24.39 per cent and MFs 13.61 per cent. Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 2932.79 on March 30, while the 50-DMA was at Rs 2589.6. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way. (What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.) Download The Economic Times News App to get Daily Market Updates & Live Business News.