Shares of Piramal Ent. increase as Nifty wins

Shares of . gained 2.5% to Rs 1,850.8 in Thursday trade at 10:25 (IST). It reached a high of Rs 1859.85 and a low of Rs 1806.0 during the session.

The stock quoted a 52-week high of Rs 3013.0 and a low of Rs 1561.0. Return on equity for the stock was 5.41%. Around 16,582 shares have changed hands on the counter so far.

The stock’s beta, which measures its volatility relative to the broader market, was 1.96.

The certificate has been an underperformer, down 19.88% over the past year, compared to a 6.8% gain in Sensex.

Techniques

On the technical charts, the stock’s 200-day moving average (DMA) stood at Rs 1561.0 on July 28, while the 50-DMA stood at Rs 1729.96. If a stock is trading well above 50-DMA and 200-DMA, it usually means that the immediate trend is up. On the other hand, if the stock is trading well below 50-DMA and 200-DMA at the same time, it is considered to be in a downtrend and if it is trading between these averages, it suggests that the stock can go both ways.

Promoter/Fii Holding

The promoters held 43.49% of the capital of Piramal Enterprises Ltd. as of June 30, 2022. Mutual funds and foreign institutional investors held 2.02% and 34.54% of the capital respectively.

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