The shares of Piramal Enterprises Ltd. gained 0.54% to Rs 808.8 in Tuesday trading at 11:46 a.m. (IST). The stock reached a high price of Rs 818.7 and a low price of Rs 807.1 during the session.

The stock’s return on equity (ROE) was 5.41%. The volume traded over the counter stood at 11:46 a.m. and the turnover was Rs 2.5 crore at that time. The action of Piramal Enterprises Ltd. indicated a 52-week high price of Rs 2876.7 and a 52-week low price of Rs 785.85, respectively.

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

Promoter/Fii Holding

Promoters held 43.49% of the company’s capital as of June 30, 2022, while foreign investors held 34.54% and domestic institutional investors 2.02%.

Key financial data

The company reported consolidated sales of Rs 3,726.46 crores for the quarter ended June 30, 2022, down 15.33% from Rs 4,401.03 crores in the previous quarter and down 23.74% from to Rs 3011.6 crores in the prior year quarter. Net profit after tax for the last quarter stood at Rs 496.09 crore, down 8.03% from the same quarter a year ago.


Techniques
The MACD signaled a bullish 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.