Understanding the Performance of PI Industries Ltd
When it comes to investing in cryptocurrencies, understanding key financials and technical indicators is crucial to making informed decisions. Let’s take a closer look at the performance of PI Industries Ltd to gain insights into its stock movement and potential investment opportunities.
Overview of PI Industries Ltd
• PI Industries Ltd traded 1.7% lower in the latest session, with an intraday high of Rs 3649.05 and low of Rs 3580.0.
• The stock recorded a 52-week high of Rs 4032.0 and a 52-week low of 3060.0.
• Approximately 5,670 shares were exchanged on the counter so far.
Market Performance
• Benchmark Nifty50 was down 91.9 points at 22108.65, while BSE Sensex traded 272.36 points lower at 72714.67.
• In the Nifty pack, 14 stocks traded in the green, while 36 were in the red.
Key Financials
• Consolidated sales for the quarter ended 31-Dec-2023 were Rs 1953.6 crore, down 9.71% from the previous quarter.
• Net profit for the latest quarter was Rs 448.6 crore.
Promoter Holdings
• Promoters held 46.09% stake in the company as of 31-Mar-2024, while FIIs held 20.26% and MFs 14.99%.
Technicals
• The 200-Day Moving Average stood at Rs 3594.13, while the 50-DMA was at Rs 3713.15.
• Trading above 50-DMA and 200-DMA indicates an upward trend, while trading below suggests a bearish trend. Trading between the averages indicates uncertainty in direction.
By analyzing these key aspects of PI Industries Ltd’s performance, you can better assess its potential for investment and make informed decisions regarding your cryptocurrency portfolio.
Hot Take: Invest Wisely After Analyzing Performance Indicators
As a cryptocurrency investor, it is vital to stay informed about the financial and technical performance of companies like PI Industries Ltd to make smart investment choices. By understanding key financials, market performance, and technical indicators, you can evaluate potential opportunities and risks associated with investing in specific stocks. Keep a close eye on these factors and make well-informed decisions for your cryptocurrency portfolio.
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