Shares of Piramal Enterprises Ltd. traded up 1.0% to Rs 2,040.0 at around 11:42 a.m. (IST) on Friday. The stock had closed at Rs 2060.6 in the previous session. The benchmark Sensex shares fell 968.22 points lower to 54134.46 around the same time.

The certificate has climbed 4.25% in the past year to date, while the 30-stock index has gained 10.3% over the same period.

The 52-week high stock price stood at Rs 3013.0 and the 52-week low price at Rs 1612.0.

Over-the-counter trading volume was 11,861 shares, while it quoted a price-to-earnings ratio of 39.36, an EPS value of 52.06 and a price-to-book value of 1.22. In the Nifty50 pack, 7 stocks were trading in the green, while 43 stocks were in the red.

Promoter/Fii Holding
The promoters held a 43.49% stake in the company as of December 31, 2021, while ownership by foreign investors and MFs stood at 35.31% and 1.56%, respectively.

Key financial data
For the quarter ended December 31, 2021, the company reported consolidated sales of Rs 4,067.19 crore, up 25.78% from Rs 3,233.59 crore in the previous quarter and up 24.58% from compared to Rs 3264.82 crore in the prior year quarter. The company reported a net profit of Rs 855.08 crore for the last quarter.

Technical indicators

The MACD signaled a bearish bias on the meter. The MACD is known to signal trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is drawn above the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see downward movement and vice versa.