Piramal Ent. share price down 0.69 per cent

Piramal Ent. share price down 0.69 per cent
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Synopsis

A total of 16,720 shares changed hands on the counter till 12:59PM (IST).

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Shares of Piramal Enterprises Ltd. traded 0.69 per cent up at Rs 1694.05 at around 12:59PM (IST) on Tuesday. The stock had closed at Rs 1705.9 in the previous session. Equity benchmark Sensex traded 312.91 points lower at 49189.5 around the same time.


The scrip has climbed 81.72 per cent in the last one year till date, while the 30-share index has gained 45.9 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 839.05.

Trading volume on the counter stood at 16,720 shares, while it quoted a price-to-earnings ratio of 190.08, an EPS value of 8.94 and a price-to-book value of 0.73. In the Nifty50 pack, 20 stocks traded in the green, while 30 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 MF 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 bullish 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.

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