PI Industries Share Price: PI Industries shares gain 0.02% as Sensex rises

Shares of PI Industries Ltd. traded 0.02 per cent higher in Wednesday’s session at 12:48PM (IST). The stock opened at Rs 3505.6 and has touched an intraday high and low of Rs 3529.95 and Rs 3471.7, respectively, during the session so far.

The stock quoted a 52-week high of Rs 4032.0 and a 52-week low of 3060.0. About 2,915 shares changed hands on the counter so far.

Benchmark Nifty50 was up 26.71 points at 22329.2, while the BSE Sensex traded 36.14 points higher at 73547.99 at the time of writing of this report.

In the Nifty pack, 29 stocks traded the day in the green, while 21 were in the red.

Key Financials

For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 1953.6 crore, down 9.71 per cent from the previous quarter’s Rs 2163.8 crore and down 17.45 per cent from the year-ago quarter. The company reported net profit of Rs 448.6 crore for the latest quarter. Promoter Holdings
Promoters held 46.09 per cent stake in the company as of 31-Mar-2024, while FIIs held 20.26 per cent and MFs 14.99 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 3594.72 on May 08, while the 50-DMA was at Rs 3719.81. 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.