AgenciesShares of Piramal Enterprises Ltd. rose 3.12 per cent to Rs 2212.8 in Friday's trade as of 10:15AM (IST) even as the benchmark Nifty ruled at 17273.50, up 28.45 points.
The scrip had closed at Rs 2145.9 in the previous session. The stock quoted a 52-week low of Rs 1616.1 and a high of Rs 3013.0. The company quoted a market-cap of Rs 52829.4 crore on the BSE.
On BSE, 6,291 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 42.52 times its trailing 12-month EPS of Rs 52.06 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-Dec-2021, Piramal Enterprises Ltd. reported consolidated sales of Rs 4067.19 crore, up 24.58 per cent from the same quarter a year ago. The company reported 9.67 per cent YoY growth in net profit at Rs 855.08 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Friday. 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 2145.9 in the previous session. The stock quoted a 52-week low of Rs 1616.1 and a high of Rs 3013.0. The company quoted a market-cap of Rs 52829.4 crore on the BSE.
On BSE, 6,291 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 42.52 times its trailing 12-month EPS of Rs 52.06 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-Dec-2021, Piramal Enterprises Ltd. reported consolidated sales of Rs 4067.19 crore, up 24.58 per cent from the same quarter a year ago. The company reported 9.67 per cent YoY growth in net profit at Rs 855.08 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Friday. 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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