PI Industries drops after poor Q2 result

PI Industries lost 5.94% to Rs 735.25 at 10:28 IST on BSE after net profit dropped 20.75% to Rs 80.34 crore on 3.13% rise in net sales to Rs 561.08 crore in Q2 September 2017 over Q2 September 2016.

The result was announced after market hours yesterday, 25 October 2017.

Meanwhile, the S&P BSE Sensex was down 87.78 points or 0.27% at 32,954.22

On BSE, so far 14,000 shares were traded in the counter as against average daily volume of 69,146 shares in the past one quarter. The stock hit a high of Rs 778 and a low of Rs 720 so far during the day. The stock had hit a record high of Rs 950.10 on 2 February 2017. The stock had hit a 52-week low of Rs 674.15 on 11 August 2017.

 

The large-cap company has equity capital of Rs 13.76 crore. Face value per share is Re 1.

PI Industries focuses on complex chemistry solutions in agrisciences.

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