Piramal Ent Share Price: Piramal Ent. shares gain 0.42% as Sensex rises

Shares of Piramal Enterprises Ltd. traded 0.42 per cent higher in Tuesday’s session at 11:08AM (IST). The stock opened at Rs 2313.0 and has touched an intraday high and low of Rs 2331.6 and Rs 2313.0, respectively, during the session so far.

The stock quoted a 52-week high of Rs 2519.25 and a 52-week low of 1178.85. About 3,851 shares changed hands on the counter so far.

Benchmark Nifty50 was up 70.8 points at 15763.40, while the BSE Sensex traded 234.45 points higher at 52607.14 at the time of writing of this report.

In the Nifty pack, 38 stocks traded the day in the green, while 12 were in the red.

Key Financials

For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 3565.98 crore, up 9.22 per cent from the previous quarter’s Rs 3264.82 crore and up 0.41 per cent from the year-ago quarter. The company reported net loss of Rs 571.21 crore for the latest quarter.


Promoter Holdings

Promoters held 46.06 per cent stake in the company as of 14-Jun-2021, while FIIs held 29.07 per cent and MFs 1.4 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1670.14 on July 13, while the 50-DMA was at Rs 2039.85. 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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