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PI Industries Share Price: PI Industries shares drop 0.39% as Sensex rises

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Shares of . traded 0.39 per cent lower in Monday’s session at 12:02PM (IST). The stock opened at Rs 2475.5 and has touched an intraday high and low of Rs 2495.0 and Rs 2450.35, respectively, during the session so far.

The stock quoted a 52-week high of Rs 3533.3 and a 52-week low of 2334.35. About 2,116 shares changed hands on the counter so far.

Benchmark Nifty50 was up 43.7 points at 15337.20, while the BSE Sensex traded 197.27 points higher at 51557.69 at the time of writing of this report.



In the Nifty pack, 28 stocks traded the day in the green, while 22 were in the red.

Key Financials

For the quarter ended 31-Mar-2022, the company reported consolidated sales of Rs 1415.2 crore, up 2.38 per cent from the previous quarter’s Rs 1382.3 crore and up 14.01 per cent from the year-ago quarter. The company reported net profit of Rs 204.4 crore for the latest quarter.


Promoter Holdings

Promoters held 46.74 per cent stake in the company as of 31-Mar-2022, while FIIs held 23.1 per cent and MFs 14.84 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 2845.04 on June 20, while the 50-DMA was at Rs 2689.82. 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 well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.

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