PI Industries rose 2.22% to Rs 246.80 at 13:02 IST on BSE after a block deal of 4 lakh shares was executed in the counter on BSE at Rs 250 per share at 10:24 IST.
The block deal constitutes 0.29% of PI Industries' equity.
Meanwhile, the S&P BSE Sensex was up 235.77 points or 1.14% at 20,847.91.
On BSE, so far 4.39 lakh shares were traded in the counter as against average daily volume of 39,525 shares in the past one quarter.
The stock hit a high of Rs 251 so far during the day, which is also its record high for the counter. The stock hit a low of Rs 240.60 so far during the day. The stock had hit a 52-week low of Rs 108 on 17 December 2012.
The stock had outperformed the market over the past one month till 17 December 2013, advancing 20.15% compared with the Sensex's 1.04% rise. The scrip had also outperformed the market in past one quarter, jumping 81.06% as against Sensex's 4.08% rise.
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The mid-cap company has equity capital of Rs 13.61 crore. Face value per share is Re 1.
PI Industries' net profit surged 114.1% to Rs 55.29 crore on 54.7% growth in net sales to Rs 461.14 crore in Q2 September 2013 over Q2 September 2012.
PI Industries focuses on Agri-Input and Custom Synthesis. PI Industries currently operates three formulation and two manufacturing facilities as well as four multi-product plants under its three manufacturing locations across Jammu and Gujarat.
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