PI Industries Share Price: PI Industries shares drop 2.31% as Sensex falls
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PI Industries Share Price: PI Industries shares drop 2.31% as Sensex falls

Shares of PI Industries Ltd. traded 2.31 per cent down at Rs 4318.95 at 01:24PM (IST) on Friday, even as BSE benchmark Sensex dropped 776.81 points to 81090.74. The scrip had settled at Rs 4421.3 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 4465.0 and Rs 3060.0, respectively.

As per BSE data, total traded volume on the counter till 01:24PM (IST) stood at 01:24PM shares with turnover at Rs 4.12 crore.

At the prevailing price, the stock trades at 39.0 times its trailing 12-month earnings per share of Rs 110.83 per share and 6.74 times its price-to-book value, BSE 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. 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.

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