PI Industries Share Price: PI Industries stock price down 2.15 per cent as Sensex slides

Shares of PI Industries Ltd. fell 2.15 per cent to Rs 3302.1 at 01:02PM hours (IST) on Friday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 14,309 shares with a turnover of Rs 4.77 crore till 01:02PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 43.41, while the price-to-book value ratio stood at 7.01.

Return on equity (ROE) was at 13.78 per cent, according to exchange data. The stock hit an intraday high of Rs 3415.6 and a low of Rs 3277.9 during the session and quoted a 52-week high price of Rs 3698.5 and a 52-week low of Rs 2352.95.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 0.56.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 3084.39 on February 17, while the 50-DMA was at Rs 3278.14. 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 below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 58.22. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30. Promoter holding

As of 31-Dec-2022, promoters held 46.09 per cent stake in the company, while foreign institutional investors held 18.6 per cent and domestic institutional investors had 24.24 per cent.