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    Piramal Ent. share price up 5.21 per cent

    Synopsis

    A total of 23,495 shares changed hands on the counter till 10:10AM (IST).

    ETMarkets.com
    Shares of Piramal Enterprises Ltd. traded 5.21 per cent up at Rs 1714.1 at around 10:10AM (IST) on Tuesday. The stock had closed at Rs 1629.2 in the previous session. Equity benchmark Sensex traded 372.36 points higher at 48255.74 around the same time.


    The scrip has climbed 86.42 per cent in the last one year till date, while the 30-share index has gained 74.94 per cent during the same period.

    The stock's 52-week high price stood at Rs 2008.2 and the 52-week low price at Rs 805.6.

    Trading volume on the counter stood at 23,495 shares, while it quoted a price-to-earnings ratio of 191.09, an EPS value of 8.94 and a price-to-book value of 0.73. In the Nifty50 pack, 42 stocks traded in the green, while 8 stocks were in the red.

    Promoter/FII Holding
    Promoters held 46.06 per cent stake in the company as of 31-Mar-2021, while FII and mutual funds' ownership stood at 29.07 per cent and 1.4 per cent, respectively.

    Key Financials
    For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 3264.82 crore, down 2.23 per cent from the previous quarter's Rs 3339.39 crore and down 17.28 per cent from the year-ago quarter's Rs 3947.0 crore. The company reported net profit of Rs 779.69 crore for the latest quarter.

    Technical Indicators
    The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

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