PI Industries gains on executing two joint venture agreements
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PI Industries is currently trading at Rs. 3289.05, up by 27.90 points or 0.86% from its previous closing of Rs. 3261.15 on the BSE.
The scrip opened at Rs. 3265.25 and has touched a high and low of Rs. 3315.35 and Rs. 3253.75 respectively. So far 3034 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3533.30 on 14-Sep-2021 and a 52 week low of Rs. 1982.45 on 02-Feb-2021.
Last one week high and low of the scrip stood at Rs. 3330.90 and Rs. 3150.00 respectively. The current market cap of the company is Rs. 49914.50 crore.
The promoters holding in the company stood at 46.74%, while Institutions and Non-Institutions held 41.62% and 11.64% respectively.
PI Industries has executed two joint venture agreements with Polymath Holdings, LLC (Polymath) for undertaking the business of manufacturing and selling the products for Bio Chemistry processes and Bio Chemical enabled pharmaceutical intermediates. The transaction is not a related party transaction.
PI Industries is engaged in the business of- Agri inputs, Fine Chemicals and (CRAMS) Contract Research and Manufacturing Services), Polymers and Engineering Services.
