Piramal Ent Share Price: Piramal Ent. shares up 0.86% as Nifty gains

NEW DELHI: Shares of Piramal Enterprises Ltd. traded 0.86 per cent up in Monday’s trade at 12:08PM (IST). Around 123,568 shares changed hands on the counter.

The scrip opened at Rs 2749.0 and touched an intraday high and low of Rs 2782.0 and Rs 2712.75, respectively, in the session so far. Shares of the company of Piramal Enterprises Ltd. quoted a 52-week high of Rs 3013.0 and a 52-week low of Rs 1198.9.

As per BSE, the total market cap of the Piramal Enterprises Ltd. stood at Rs 65975.0 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 3011.6 crore for the quarter ended 30-Jun-2021, down 15.55 per cent from previous quarter’s Rs 3565.98 crore and down 0.29 per cent from the year-ago quarter’s Rs 3002.8 crore.

The net profit for latest quarter stood at Rs 539.4 crore, up 8.85 per cent from the same quarter a year ago.

Shareholding pattern

As of 30-Jun-2021, DIIs held 1.44 per cent stake in the company, while foreign institutional investors held 33.27 per cent and the promoters 43.52 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 47.94 and a price-to-book ratio of 1.22. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company 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.

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