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PI Industries trades with traction on the bourses

11 Oct 2012 Evaluate

PI Industries is currently trading at Rs. 540.00, up by 6.00 points or 1.12% from its previous closing of Rs. 534.00 on the BSE.

The scrip opened at Rs. 539.95 and has touched a high and low of Rs. 540.00 and Rs. 531.00 respectively.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 627.50 on 17-Oct-2011 and a 52 week low of Rs. 424.00 on 25-Jan-2012.

Last one week high and low of the scrip stood at Rs. 570.00 and Rs. 528.00 respectively. The current market cap of the company is Rs. 1336.38 crore.

The promoters holding in the company stood at 63.65% while Institutions and Non-Institutions held 9.57% and 26.77% respectively.

Standard Chartered Investments and Loans (India) has sold its 4.5% stake in PI Industries amounting to Rs 64.56 crore through an open market transaction on National Stock Exchange (NSE). Pursuant to this stake sale, the institutional investor now holds 2.43% stake in the Gurgoan-based company.

PI Industries is engaged in the business of Agri inputs, Fine Chemicals and (CRAMS) Contract Research and Manufacturing Services), Polymers and Engineering Services. It launched a range of new products in the category of plant nutrients thus further diversifying and enriching our product portfolio. This new category of Water Soluble Fertilizer named PI-NUTRI was launched during second fortnight of June 2008.

Peers
Company Name CMP
UPL 548.00
PI Industries 2399.25
Bayer CropScience 3705.70
Sharda Cropchem 737.50
Sumitomo Chem. India 446.55
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