Piramal Ent Stock Price: Piramal Ent. shares down 3.16% as Nifty falls

Shares of Piramal Enterprises Ltd. rose 3.16 per cent to Rs 1665.1 in Monday’s trade. It hit an intraday high of Rs 1700.0 and low of Rs 1628.45, respectively, during the day.

The stock quoted a 52-week high price of Rs 2008.2 and low of Rs 805.6.

As of 02:04PM (IST), the counter saw total traded volume of 19,394 shares with a traded value of Rs 3.19 crore, according to NSE.

The stock had closed at Rs 1719.5 in the previous session.

The scrip has declined -11.8 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -4.85 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 185.83 while price-to-book ratio stood at 0.73. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Diversified industry.

Promoter/FII Holding
Promoters held 46.06 per cent stake in the company as of 31-Mar-2021, while FII and MF ownership in the firm stood at 29.07 per cent and 1.4 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 3264.82 crore for the quarter ended 31-Dec-2020, down 2.23 per cent from the previous quarter’s Rs 3339.39 crore and down 17.28 per cent from the year-ago quarter’s Rs 3947.0 crore. Its net profit for the latest quarter stood at Rs 779.69 crore, up 7.55 per cent from the same quarter a year ago.

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