PI Inds drops after Q2 results

PI Industries lost 2.14% to Rs 666.70 at 11:04 IST on BSE after net profit rose 18.9% to Rs 58.22 crore on 4.5% growth in net sales to Rs 444.11 crore in Q2 September 2015 over Q2 September 2014.

The result was announced after market hours yesterday, 27 October 2015.

Meanwhile, the S&P BSE Sensex was down 132.30 points or 0.49% at 27,121.14.

On BSE, so far 8,584 shares were traded in the counter as against average daily volume of 51,789 shares in the past one quarter.

The stock hit a high of Rs 677 and a low of Rs 655.20 so far during the day. The stock had hit a 52-week low of Rs 376.15 on 29 October 2014. The stock had hit a record high of Rs 785.65 on 13 April 2015.

The stock had outperformed the market over the past one month till 27 October 2015, gaining 8.51% compared with Sensex's 5.37% rise. The stock had also outperformed the market in past one quarter, surging 5.65% as against Sensex's 1.12% fall.

The mid-cap company has equity capital of Rs 13.71 crore. Face value per share is Rs 1.

PI Industries focuses on agri-input and custom synthesis.

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