Piramal Ent. shares rise 1.13% as Nifty gains
The stock quoted a 52-week high price of Rs 2862.9 and a 52-week low of Rs 785.85.
By ETMarkets.com |
Reuters
Shares of Piramal Enterprises Ltd. traded 1.13 per cent up at Rs 828.85 on Wednesday at around 10:51AM (IST), while the benchmark BSE Sensex advanced 391.63 points to 59352.23.
As many as 26,826 shares changed hands on the counter with a total value of Rs 2.22 crore.
The stock quoted a 52-week high price of Rs 2862.9 and a 52-week low of Rs 785.85.
On the technical charts, the 200-DMA of the stock stood at Rs 1852.36, while 50-DMA was at Rs 1218.38. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.
Shares of the company have advanced 69.83 per cent in the past one year, while Sensex has 3.18 per cent during the same period.
According to BSE data, the stock trades at a price-to-earnings multiple of 10.41 and a price-to-book ratio of 1.47. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price to book value indicates the inherent value of a company and reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the Diversified industry.
As many as 26,826 shares changed hands on the counter with a total value of Rs 2.22 crore.
The stock quoted a 52-week high price of Rs 2862.9 and a 52-week low of Rs 785.85.
On the technical charts, the 200-DMA of the stock stood at Rs 1852.36, while 50-DMA was at Rs 1218.38. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.
Shares of the company have advanced 69.83 per cent in the past one year, while Sensex has 3.18 per cent during the same period.
According to BSE data, the stock trades at a price-to-earnings multiple of 10.41 and a price-to-book ratio of 1.47. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price to book value indicates the inherent value of a company and reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the Diversified industry.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
Piramal Ent. share price up 3.59 per centADVERTISEMENT
