Piramal Ent. share price up 1.56 per cent

Shares of Piramal Enterprises Ltd. traded 1.56 per cent up at Rs 1915.95 at around 10:41AM (IST) on Tuesday. The stock had closed at Rs 1886.45 in the previous session. Equity benchmark Sensex traded 107.6 points lower at 52735.15 around the same time.


The scrip has declined 0.06 per cent in the last one year till date, while the 30-share index has gained 7.36 per cent during the same period.

The stock's 52-week high price stood at Rs 3013.0 and the 52-week low price at Rs 1612.0.

Trading volume on the counter stood at 16,117 shares, while it quoted a price-to-earnings ratio of 36.88, an EPS value of 52.06 and a price-to-book value of 1.22. In the Nifty50 pack, 21 stocks traded in the green, while 29 stocks were in the red.

Promoter/FII Holding
Promoters held 43.49 per cent stake in the company as of 31-Dec-2021, while FII and MF ownership stood at 35.31 per cent and 1.56 per cent, respectively.

Key Financials
For the quarter ended 31-Dec-2021, the company reported consolidated sales of Rs 4067.19 crore, up 25.78 per cent from the previous quarter's Rs 3233.59 crore and up 24.58 per cent from the year-ago quarter's Rs 3264.82 crore. The company reported net profit of Rs 855.08 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.