PI Industries spurts after stellar Q3 result

PI Industries gained 5.69% to Rs 526.70 at 11:31 IST on BSE after net profit surged 79.3% to Rs 62.22 crore on 40.3% growth in total income to Rs 515.45 crore in Q3 December 2014 over Q3 December 2013.

The result was announced after market hours yesterday, 11 February 2015.

Meanwhile, the S&P BSE Sensex was down 23.52 points or 0.08% at 28,510.45

On BSE, so far 27,073 shares were traded in the counter as against average daily volume of 27,336 shares in the past one quarter.

The stock hit a high of Rs 539.65 and a low of Rs 523.70 so far during the day. The stock had hit a record high of Rs 561.80 on 2 January 2015. The stock had hit a 52-week low of Rs 225.10 on 14 February 2014.

The stock had underperformed the market over the past one month till 11 February 2015, falling 6.12% compared with 3.92% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 9.28% as against Sensex's 2.24% rise.

The mid-cap company has equity capital of Rs 13.66 crore. Face value per share is Re 1.

PI Industries focuses on agri-input and custom synthesis.

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