The shares of PI Industries Ltd gained more than 11 per cent and reached its all-time high of Rs 3,688.15 in the early hours of Wednesday.
The company is making new highs after it reported a 31 per cent Year on Year (YoY) growth in its revenue which stood at Rs 1,770 crore in Q2FY23 up from Rs 1,354.2 Crore. Their net profit in the quarter under review was Rs 334.8 Crore which was an increase of 52 per cent from Rs 229.6 crore in Q2FY22.
In the past month, the stock has zoomed by 23 per cent. In the span of four months, the stock has scaled up by approximately 44 per cent.
PI Industries Ltd is a leading player in the agrochemicals space having a strong presence in both Domestic and Export markets. It is a pioneer in the introduction of granular formulations in India and is the largest seller in this segment.
The promoters of the company hold a 46.09 per cent stake with zero shares pledged. Foreign Institutional Investors (FIIs) hold a 16.72 per cent stake as per the latest shareholding pattern.
The company has a market capitalization of Rs 55,789 Crores and a dividend yield of 0.16% as of November 9th, 2022.
Written by Anoushka Roy
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