Shares of Piramal Enterprises Ltd. rose 1.45 per cent to Rs 2810.45 at 10:15AM hours (IST) on Wednesday. The stock traded at a price-to-earnings (P/E) multiple of 48.56, while the price-to-book value ratio stood at 1.22.Return on equity (ROE) was at 4.1 per cent, according to exchange data. 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 below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.The Relative Strength Index (RSI) of the stood at 59.8.

Source: Economic Times November 11, 2021 01:17 UTC