Time period given by analyst is Intra Day when Piramal Enterprises Ltd. price can reach defined target.
Piramal Enterprises Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 69748.27 Crore) operating in Diversified sector.
Piramal Enterprises Ltd. key Products/Revenue Segments include Interest, Pharmaceuticals, Income From Financial Services, Dividend, Other Operating Revenue for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 3011.60 Crore, down -15.55 % from last quarter Total Income of Rs 3565.98 Crore and up .29 % from last year same quarter Total Income of Rs 3002.80 Crore. Company reported net profit after tax of Rs 368.45 Crore in latest quarter.
Investment Rationale
The stock has resumed its uptrend after breaking out of a channel pattern resistance on good volumes. Further, RSI has also turned upwards above the 60 levels after formation of a positive reversal pattern suggesting strength.
Promoter/FII Holdings
Promoters held 46.1 per cent stake in the company as of June 30, 2020, while FIIs held 30.3 per cent, DIIs 9.9 per cent and public and others 13.8 per cent.
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