Share price of PI Industries falls as Nifty weakens

Stock market update: FMCG stocks  down  as market  falls

Shares of . slipped 0.61 per cent to Rs 3245.0 in Wednesday’s trade as of 12:07PM (IST).

The stock hit a high price of Rs 3280.4 and low of Rs 3245.0 during the session.

The return on equity (ROE) for the stock stood at 13.78 per cent. Traded volume on the counter stood at 12:07PM shares and turnover at Rs 0.71 crore around that time.

The stock of PI Industries Ltd. quoted a 52-week high and 52-week low prices of Rs 3533.3 and Rs 2334.35, 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 46.74 per cent stake in the company as of 31-Mar-2022, while overseas investors held 23.1 per cent and domestic institutional investors had 18.66 per cent.

Key Financials

The company reported consolidated sales of Rs 1567.3 crore for the quarter ended 30-Jun-2022, up 10.75 per cent from previous quarter’s Rs 1415.2 crore and up 28.31 per cent from the year-ago quarter’s Rs 1221.5 crore.

Net profit after tax for the latest quarter stood at Rs 262.4 crore, up 40.17 per cent from the same quarter a year ago.

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