Piramal Ent Share Price: Piramal Ent. stock price up 1.45 per cent as Sensex slides

Shares of Piramal Enterprises Ltd. rose 1.45 per cent to Rs 2810.45 at 10:15AM hours (IST) on Wednesday. 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 24,382 shares with a turnover of Rs 6.88 crore till 10:15AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 48.56, 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 2862.9 and a low of Rs 2756.45 during the session and quoted a 52-week high price of Rs 3013.0 and a 52-week low of Rs 1283.9.

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 2168.07 on November 10, while the 50-DMA was at Rs 2686.12. 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 59.8. 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-Sep-2021, promoters held 43.51 per cent stake in the company, while overseas investors held 34.97 per cent and domestic institutional investors had 8.42 per cent.

Source Link