Piramal Ent Share Price: Piramal Ent. stock price up 1.71 per cent as Sensex climbs

Shares of Piramal Enterprises Ltd. rose 1.71 per cent to Rs 1699.0 at 11:38AM hours (IST) on Monday. 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 17,424 shares with a turnover of Rs 2.95 crore till 11:38AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 189.53, while the price-to-book value ratio stood at 0.73.

Return on equity (ROE) was at 0.08 per cent, according to exchange data. The stock hit an intraday high of Rs 1705.45 and a low of Rs 1677.9 during the session and quoted a 52-week high price of Rs 2008.2 and a 52-week low of Rs 839.05.

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 1518.68 on May 10, while the 50-DMA was at Rs 1790.69. 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 48.16. 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 31-Mar-2021, promoters held 46.06 per cent stake in the company, while foreign institutional investors held 29.07 per cent and domestic institutional investors had 10.54 per cent.

Source Link