Shares of Piramal Enterprises Ltd. traded 0.0 per cent in Tuesday’s session at 01:47PM (IST). The stock opened at Rs 2529.0 and has touched an intraday high and low of Rs 2536.9 and Rs 2463.8, respectively, during the session so far.
The stock quoted a 52-week high of Rs 2856.8 and a 52-week low of 1178.85. About 96,151 shares changed hands on the counter so far.
Benchmark Nifty50 was up 103.45 points at 17500.35, while the BSE Sensex traded 79.6 points lower at 58411.33 at the time of writing of this report.
In the Nifty pack, 38 stocks traded the day in the green, while 12 were in the red.
For the quarter ended 30-Jun-2021, the company reported consolidated sales of Rs 3011.6 crore, down 15.55 per cent from the previous quarter’s Rs 3565.98 crore and down 0.29 per cent from the year-ago quarter. The company reported net profit of Rs 539.4 crore for the latest quarter.
Promoters held 43.52 per cent stake in the company as of 30-Jun-2021, while FIIs held 33.27 per cent and MFs 1.44 per cent.
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1953.67 on September 21, while the 50-DMA was at Rs 2522.86. 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 well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.