The stock opened at Rs 1793.35 and touched an intraday high and low of Rs 1832.7 and Rs 1787.05, respectively, in the session so far. The stock of Piramal Enterprises Ltd. quoted a 52-week high of Rs 2008.2 and a 52-week low of Rs 924.05.
Total market cap of the Piramal Enterprises Ltd. stood at Rs 41255.48 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 3565.98 crore for the quarter ended 31-Mar-2021, up 9.22 per cent from previous quarter’s Rs 3264.82 crore and up 0.41 per cent from the year-ago quarter’s Rs 3580.55 crore.
The net loss for latest quarter stood at Rs 571.21 crore, down 66.44 per cent from the same quarter a year ago.
Shareholding pattern
As of 31-Mar-2021, DIIs held 1.4 per cent stake in the firm, while foreign institutional investors held 29.07 per cent and the promoters 46.06 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 30.96 and a price-to-book ratio of 0.73. 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.
