The shares of Piramal Enterprises Ltd. were trading up 1.07% at Rs 2,316.0 on Thursday around 10:20 am (IST), while the benchmark BSE Sensex rose 122.17 points to 53,026.22.

No less than 16,735 shares changed hands on the counter with a total value of Rs 3.86 crore.

The stock traded at a 52-week high price of Rs 2,519.25 and a 52-week low of Rs 1,178.85.

On technical charts, the stock’s 200-DMA stood at Rs 1,681.05, while the 50-DMA was at Rs 2,064.38. 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 below 50 DMA and 200 DMA at a time, it is considered a downtrend and if it is trading between 50 DMA and 200 DMA, it suggests that the stock may go anywhere.

Shares of the company have risen 66.58% in the past year, while Sensex has risen 44.58% in the same period.

According to BSE data, the stock trades at a price / earnings multiple of 41.34 and a price / book ratio of 1.22. A higher P / E ratio shows that investors are willing to pay a higher price because of better expectations of future growth. Price versus book value indicates the intrinsic value of a business and reflects the price investors are willing to pay even when a business does not grow. The share belongs to the Diversified sector.

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