Shares of Piramal Enterprises Ltd. fell 0.62 per cent to Rs 2334.25 in Wednesday's trade as of 11:22AM (IST) even as the benchmark Nifty ruled at 15838.50, up 20.25 points.
The scrip had closed at Rs 2348.7 in the previous session. The stock quoted a 52-week low of Rs 1178.85 and a high of Rs 2519.25. The company quoted a market-cap of Rs 55280.41 crore on the BSE.
On BSE, 9,680 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 41.49 times its trailing 12-month EPS of Rs 56.19 per share and 1.22 times its book value. The return on equity (ROE) stood at Rs 4.1.
Key Financials
For the quarter ended 31-Mar-2021, Piramal Enterprises Ltd. reported consolidated sales of Rs 3565.98 crore, up 0.41 per cent from the same quarter a year ago. The company reported 66.44 per cent YoY de-growth in net loss at Rs 571.21 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Wednesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
The scrip had closed at Rs 2348.7 in the previous session. The stock quoted a 52-week low of Rs 1178.85 and a high of Rs 2519.25. The company quoted a market-cap of Rs 55280.41 crore on the BSE.
On BSE, 9,680 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 41.49 times its trailing 12-month EPS of Rs 56.19 per share and 1.22 times its book value. The return on equity (ROE) stood at Rs 4.1.
Key Financials
For the quarter ended 31-Mar-2021, Piramal Enterprises Ltd. reported consolidated sales of Rs 3565.98 crore, up 0.41 per cent from the same quarter a year ago. The company reported 66.44 per cent YoY de-growth in net loss at Rs 571.21 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Wednesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
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