Piramal Ent Share Price: Piramal Ent. stock price down 1.15 per cent as Sensex slides

Shares of Piramal Enterprises Ltd. fell 1.15 per cent to Rs 2718.9 at 11:38AM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 12,531 shares with a turnover of Rs 3.44 crore till 11:38AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 47.06, while the price-to-book value ratio stood at 1.22.

Return on equity (ROE) was at 4.1 per cent, according to exchange data. The stock hit an intraday high of Rs 2781.25 and a low of Rs 2708.6 during the session and quoted a 52-week high price of Rs 2856.8 and a 52-week low of Rs 1198.9.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 1.96.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 1986.02 on September 28, while the 50-DMA was at Rs 2567.94. 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 below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 58.34. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 30-Jun-2021, promoters held 43.52 per cent stake in the company, while foreign institutional investors held 33.27 per cent and domestic institutional investors had 9.81 per cent.

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