Piramal Ent Share Price: Piramal Ent. shares drop 2.57% as Sensex rises

Shares of Piramal Enterprises Ltd. traded 2.57 per cent lower in Monday’s session at 12:25PM (IST). The stock opened at Rs 2639.5 and has touched an intraday high and low of Rs 2671.55 and Rs 2547.8, respectively, during the session so far.

The stock quoted a 52-week high of Rs 2856.8 and a 52-week low of 1178.85. About 33,242 shares changed hands on the counter so far.

Benchmark Nifty50 was up 40.85 points at 16491.35, while the BSE Sensex traded 201.56 points higher at 55530.88 at the time of writing of this report.

In the Nifty pack, 24 stocks traded the day in the green, while 25 were in the red.

Key Financials

For the quarter ended 30-Jun-2021, the company reported consolidated sales of Rs 3011.6 crore, down 15.55 per cent from the previous quarter’s Rs 3565.98 crore and down 0.29 per cent from the year-ago quarter. The company reported net profit of Rs 539.4 crore for the latest quarter.


Promoter Holdings

Promoters held 43.52 per cent stake in the company as of 30-Jun-2021, while FIIs held 33.27 per cent and MFs 1.44 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1833.08 on August 23, while the 50-DMA was at Rs 2421.52. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.

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