The shares of Piramal Enterprises Ltd. traded at 0.0% during Tuesday’s session at 1:47 p.m. (IST). The action opened at Rs 2,529.0 and hit an intraday high and low of Rs 2,536.9 and Rs 2,463.8, respectively, during the session so far.

The stock traded a 52-week high at Rs 2,856.8 and a 52-week low at 1,178.85. About 96,151 stocks have changed hands on the counter so far.

The benchmark Nifty50 was up 103.45 points to 17,500.35, while the BSE Sensex was trading 79.6 points down to 58,411.33 at the time of writing.

In the Nifty pack, 38 shares traded during the day in the green, while 12 were in the red.

Key financial data

For the quarter ended June 30, 2021, the company reported consolidated sales of Rs 3,011.6 crore, down 15.55% from Rs 3,565.98 crore in the previous quarter and down 0.29% compared to the quarter of the previous year. The company reported net profit of Rs 539.4 crore for the last quarter.


Promoter’s holdings

Promoters held 43.52 percent of the company’s capital as of June 30, 2021, while FIIs held 33.27 percent and MFs 1.44 percent.

Techniques

On technical charts, the 200-day moving average (DMA) for the stock stood at Rs 1,953.67 on September 21, while the 50-DMA was at Rs 2,522.86. If a stock is trading 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, it is considered a downtrend and if it is trading between these averages, it suggests that the stock may go into the both directions.


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