Piramal Ent. stock price up 0.45 per cent as Sensex slides

As of 30-Jun-2022, promoters held 43.49 per cent stake in the company, while FIIs held 34.54 per cent and domestic institutional investors had 2.02 per cent.

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Nifty moved in a tight range of 82 points, and ended slightly below the psychologically crucial level of 15,700.
Shares of Piramal Enterprises Ltd. rose 0.45 per cent to Rs 959.8 at 10:45AM hours (IST) on Thursday. Earlier in the day, the stock saw a gap down start to the session.

As per data available on BSE, total traded quantity on the counter stood at 12,374 shares with a turnover of Rs 1.19 crore till 10:45AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 12.23, while the price-to-book value ratio stood at 1.47.

Return on equity (ROE) was at 5.41 per cent, according to exchange data. The stock hit an intraday high of Rs 968.45 and a low of Rs 951.4 during the session and quoted a 52-week high price of Rs 3013.0 and a 52-week low of Rs 937.05.


The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.96.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 2009.25 on September 22, while the 50-DMA was at Rs 1544.39. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
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The Relative Strength Index (RSI) of the stood at 22.55. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 30-Jun-2022, promoters held 43.49 per cent stake in the company, while overseas investors held 34.54 per cent and domestic institutional investors had 8.13 per cent.
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