PI Industries share price: PI Industries share price rises by 0.24% due to fall in Nifty
A total of 5,007 shares were traded on the exchange, with a total value of Rs 168 crore.
The stock’s 52-week high was 4,010 won and its 52-week low was 2,870 won.
On the technical chart, the 200-DMA of the stock was at Rs 3553.79 and the 50-DMA was at Rs 3517.25. If a stock is trading above the 50 DMA and 200 DMA, this usually means the immediate trend is up. On the other hand, if a stock is trading below 50DMA and 200DMA, it is considered a bearish trend, while if it is trading between 50DMA and 200DMA, it indicates that the stock could go anywhere.
The company’s stock price has risen 11.69% over the past year, while the Sensex has risen 20.56% in the same period.
The stock trades at a price-to-earnings ratio of 34.26 and a price-to-book ratio of 6.39, according to BSE data. A higher P/E ratio indicates that investors are willing to pay a higher price due to expectations of better future growth. Share price relative to book value represents the intrinsic value of a company and reflects the price investors are prepared to pay even if there is no growth in the business. The stock belongs to the Pesticides/Agrochemicals industry.
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