PI Industries Share Price: Shares of PI Industries fall as Nifty drops

Shares of Ltd. slipped 0.53 per cent to Rs 3228.05 in Tuesday’s trade as of 12:14PM (IST). It hit a high of Rs 3339.95 and low of Rs 3180.1 during the session.

The stock quoted a 52-week high price of Rs 3533.3 and a low of Rs 1850.05. The return on equity for the stock stood at 13.81 per cent. About 6,202 shares have changed hands on the counter so far.

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

The scrip has been an outperformer, up 65.99 per cent in the past one year in comparison with a 50.28 per cent gain in Sensex.

Technicals

On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 1850.05 on September 21, while the 50-DMA was at Rs 3188.57. If a stock trades well 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 a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding

Promoters held 46.74 per cent stake in PI Industries Ltd. as of 30-Jun-2021. Mutual funds and foreign institutional investors held 13.21 per cent and 19.64 per cent stake.