Piramal Ent share price: Piramal Ent. share price down 1.15% as Sensex slips

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The shares of Piramal Enterprises Ltd. fell 1.15% to Rs 2,718.9 at 11:38 am (IST) on Tuesday. Earlier today, the title saw a gap at the start of the session.

According to the data available on BSE, the total quantity traded over the counter stood at 12,531 shares with a turnover of Rs 3.44 crore until 11:38 am (IST). The stock was trading at a price / earnings (P / E) multiple of 47.06, while the price-to-book ratio stood at 1.22.

The return on equity (ROE) was 4.1%, according to stock exchange data. The stock hit an intraday high of Rs 2,781.25 and a low of Rs 2,708.6 during the session and listed a 52-week high of Rs 2,856.8 and a 52-week low of Rs 1198.9.

The stock’s beta value, which measures its volatility relative to the overall market, stood at 1.96.

Technical indicators

The 200-DMA (Daily Moving Average) for the stock stood at Rs 1,986.02 on September 28, while the 50-DMA was at Rs 2,567.94. If a stock is trading above 50-DMA and 200-DMA, it usually means that the immediate trend is up. On the other hand, if the stock is trading below 50-DMA and 200-DMA, it is considered a downtrend. If it is trading between 50-DMA and 200-DMA, it suggests that the action can go either way.

The Relative Strength Index (RSI) of was 58.34. The RSI fluctuates between zero and 100. Traditionally, a stock is considered overbought when the value of the RSI is above 70 and oversold when it is below 30.

Holding promoter

As of June 30, 2021, promoters held 43.52 percent of the company’s capital, while foreign institutional investors held 33.27 percent and domestic institutional investors held 9.81 percent.

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