Finace And Stock

Piramal Ent. shares fall 0.43 per cent in Friday’s trading session

Shares of Piramal Enterprises Ltd. fell 0.43 per cent to Rs 2579.75 in Friday’s trade as of 10:46AM (IST) even as the benchmark Nifty ruled at 17520.55, down 97.6 points.

The scrip had closed at Rs 2590.9 in the previous session. The stock quoted a 52-week low of Rs 1198.9 and a high of Rs 2856.8. The company quoted a market-cap of Rs 61520.34 crore on the BSE.

On BSE, 17,112 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 44.7 times its trailing 12-month EPS of Rs 57.66 per share and 1.22 times its book value. The return on equity (ROE) stood at Rs 4.1.

Key Financials

For the quarter ended 30-Jun-2021, Piramal Enterprises Ltd. reported consolidated sales of Rs 3011.6 crore, down 0.29 per cent from the same quarter a year ago. The company reported 8.85 per cent YoY growth in net profit at Rs 539.4 crore for the latest quarter.

Technical indicators

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