The counter had a total traded volume of 10:10AM shares so far with a turnover of Rs 3.05 crore on BSE. The stock traded at a price-to-earnings multiple of 46.13 and a price-to-book ratio of 1.22.
A higher P/E ratio shows 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 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 43.52 per cent stake in the company as of 30-Jun-2021, while overseas investors and domestic institutional investors ownership stood at 33.27 per cent and 9.81 per cent, respectively.
Key Financials
The firm reported consolidated net sales of Rs 3011.6 crore for the quarter ended 30-Jun-2021, down 15.55 per cent from the previous quarter’s Rs 3565.98 crore and down 0.29 per cent from the year-ago quarter’s Rs 3002.8 crore.
Its profit for the latest quarter stood at Rs 539.4 crore, up 8.85 per cent from the same quarter a year ago.
