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    Piramal Ent. shares up 0.11% as Sensex falls

    Synopsis

    A total of 32,908 shares changed hands on the counter till 12:13PM (IST)

    stock-market-5---GettyGetty Images
    Shares of Piramal Enterprises Ltd. gained 0.11 per cent to Rs 991.3 in Thursday's session as of 12:13PM (IST) even as the equity benchmark Sensex traded 372.84 points lower at 59974.13.

    Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 3013.0 and a 52-week low of Rs 980.5 on NSE. Around 32908 shares changed hands on the counter till 12:13PM (IST).

    The stock opened at Rs 990.5 and has touched an intraday high and low of Rs 1005.0 and Rs 980.5 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 12.58, earnings per share (EPS) of Rs 78.76 and price to book value (PB) of 1.47, while the return on equity (ROE) stood at Rs 5.41.

    Promoter/ FII Holding
    The promoters held 43.49 per cent stake in the company as of September 15, while FII and MF ownerships stood at 34.54 per cent and 2.02 per cent, respectively.

    Key Financials
    With a market capitalisation of Rs 23651.57 crore, the company operates in the Diversified industry. For the quarter ended 30-Jun-2022, the company reported consolidated sales of Rs 3726.46 crore, down 15.33 per cent from the previous quarter?s Rs 4401.03 crore and down 23.74 per cent from the same quarter a year ago. The company reported net profit of Rs 496.09 crore for the latest quarter, down 8.03 per cent from the corresponding quarter last year.

    Technical Indicators
    The relative strength index (RSI) of the stock stands at 20.62. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition 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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    (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 .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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