PI Industries shares rise 0.49% as Sensex slides

PI Industries shares rise 0.49% as Sensex slides
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Shares of PI Industries Ltd. traded at Rs 3471.0 on BSE at 10:30AM (IST) on Friday, up 0.49 per cent from previous close. The stock saw a gap up opening in the morning. A total of 4,622 lakh shares changed hands on the counter till 10:30AM (IST). The stock of PI Industries Ltd. commands a market value of Rs 53077.82 crore. The stock traded at a price-to-earning (P/E) multiple of 35.48, while the price-to-book value ratio stood at 6.39. Return on equity (ROE) was at 17.07 per cent, according to exchange data. In the BSE500 pack, 60 stocks traded in the green, while 440 stocks were in the red. Promoters held 46.09 per cent in the PI Industries Ltd. as of 31-Dec-2023 while foreign and domestic institutional investors owned 20.41 per cent and 22.99 per cent, respectively.

TIS Staff

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