Piramal Ent. Share Price Jumps While Sensex drops 261.43 points
The share price of Piramal Enterprises Ltd. gained 1.21 percent to Rs 2261.0 at 11:22 AM (IST) in Monday’s trade. The stock hit a high of Rs 2277.85 and a low of Rs 2193.25 so far during the session. The stock had closed at Rs 2233.9 in the previous session on Friday.
The counter had a total traded turnover of Rs 9.6 crore on BSE at 11:22 AM so far on Monday. The stock traded at a price-to-earnings multiple of 40.35 and a price-to-book ratio of 0.73.
A higher P/E ratio shows investors are willing to pay a higher price per rupee earnings given by the stock because of better future growth expectations by the company.
The price-to-book value indicates the company’s inherent value and is the measure of the price that investors are ready to pay even for no growth in the business.
Piramal Enterprises Ltd. belongs to the Diversified industry.
Promotor/FII Holding
Promoters held a 46.06 percent stake in the company as of 14-Jun-2021, while overseas investors (FII) and domestic institutional investors (DII) ownership stood at 29.07 percent and 10.54, respectively.
Key Financials
The company reported consolidated sales of Rs 3565.98 crore for the quarter ended 31-Mar-2021, up 9.22 percent from the previous quarter’s Rs 3264.82 crore and up 0.41 percent from the year-ago quarter’s Rs 3580.55 crore.
Its loss for the last quarter stood at Rs 571.21 crore, down 66.44 percent from the same quarter a year ago.
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