P I Industries drops on profit booking

P I Industries lost 2.36% to Rs 920 at 11:15 IST on BSE, with the stock sliding on profit booking after recent rally.

Meanwhile, the S&P BSE Sensex was up 33.89 points or 0.1% at 33,652.48.

On the BSE, 9,793 shares were traded on the counter so far as against the average daily volumes of 48,691 shares in the past one quarter. The stock had hit a high of Rs 939.95 and a low of Rs 918.20 so far during the day. The stock had hit a record high of Rs 951.90 yesterday, 28 November 2017 and a 52-week low of Rs 674.15 on 11 August 2017.

Shares of P I Industries had rallied 14.88% in the preceding five trading sessions to settle at Rs 942.20 yesterday, 28 November 2017, from its closing of Rs 820.10 on 21 November 2017.

P I Industries' net profit fell 20.8% to Rs 80.34 crore on 3.1% growth in net sales to Rs 561.08 crore in Q2 September 2017 over Q2 September 2016.

P I Industries focuses on complex chemistry solutions in agrisciences.

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