Stocks

Piramal Ent Share Price: Piramal Ent. stock price up 0.75 per cent as Sensex slides

Shares of . rose 0.75 per cent to Rs 1976.85 at 12:03PM hours (IST) on Friday. 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 93,488 shares with a turnover of Rs 18.52 crore till 12:03PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 25.09, while the price-to-book value ratio stood at 1.47.

Return on equity (ROE) was at 5.41 per cent, according to exchange data. The stock hit an intraday high of Rs 2023.65 and a low of Rs 1936.3 during the session and quoted a 52-week high price of Rs 3013.0 and a 52-week low of Rs 1561.0.

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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 2166.32 on August 19, while the 50-DMA was at Rs 1737.62. 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 69.57. 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-2022, promoters held 43.49 per cent stake in the company, while FIIs held 34.54 per cent and domestic institutional investors had 8.13 per cent.


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