Share price of PI Industries falls as Nifty weakens

Shares of PI Industries Ltd. slipped 1.31 per cent to Rs 3812.15 in Wednesday's trade as of 12:43PM (IST).

The stock hit a high price of Rs 3865.0 and low of Rs 3782.9 during the session.

The return on equity (ROE) for the stock stood at 19.25 per cent. Traded volume on the counter stood at 12:43PM shares and turnover at Rs 0.69 crore around that time.


The stock of PI Industries Ltd. quoted a 52-week high and 52-week low prices of Rs 4032.0 and Rs 3060.0, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 0.56.

Promotor/FII Holding
Promoters held 46.09 per cent stake in the company as of 31-Mar-2024, while FIIs held 20.26 per cent and domestic institutional investors had 24.18 per cent.

Key Financials
The company reported consolidated sales of Rs 1798.9 crore for the quarter ended 31-Mar-2024, down 7.92 per cent from previous quarter's Rs 1953.6 crore and down 11.38 per cent from the year-ago quarter's Rs 1615.1 crore.

Net profit after tax for the latest quarter stood at Rs 369.5 crore, up 31.68 per cent from the same quarter a year ago.