The scrip opened at Rs 2774.9 and touched an intraday high and low of Rs 2816.5 and Rs 2753.75, respectively, in the session so far. The stock of Piramal Enterprises Ltd. quoted a 52-week high of Rs 3013.0 and a 52-week low of Rs 1198.9.
As per BSE, the total market cap of the Piramal Enterprises Ltd. stood at Rs 65811.52 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 3011.6 crore for the quarter ended 30-Jun-2021, down 15.55 per cent from previous quarter’s Rs 3565.98 crore and down 0.29 per cent from the year-ago quarter’s Rs 3002.8 crore.
The net profit for latest quarter stood at Rs 539.4 crore, up 8.85 per cent from the same quarter a year ago.
Shareholding pattern
As of 30-Jun-2021, DIIs held 1.44 per cent stake in the company, while foreign institutional investors held 33.27 per cent and the promoters 43.52 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 47.82 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.
