Piramal Ent Share Price: Piramal Ent. shares up 1.84% as Nifty gains

NEW DELHI: Shares of Piramal Enterprises Ltd. traded 1.84 per cent up in Thursday’s trade at 11:06AM (IST). Around 16,100 shares changed hands on the counter.

The counter opened at Rs 2579.0 and touched an intraday high and low of Rs 2613.15 and Rs 2551.0, 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 1283.9.

Total market cap of the Piramal Enterprises Ltd. stood at Rs 61994.09 crore at the time of writing this report.

Key Financials

The company reported consolidated net sales of Rs 3233.59 crore for the quarter ended 30-Sep-2021, up 7.37 per cent from previous quarter’s Rs 3011.6 crore and up 3.17 per cent from the year-ago quarter’s Rs 3339.39 crore.

The net profit for latest quarter stood at Rs 419.17 crore, down 33.29 per cent from the same quarter a year ago.

Shareholding pattern

As of 30-Sep-2021, DIIs held 2.03 per cent stake in the company, while foreign institutional investors held 34.97 per cent and the promoters 43.51 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 53.12 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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