The scrip opened at Rs 1974.0 and touched an intraday high and low of Rs 2111.55 and Rs 1941.0, respectively, in the session so far. The stock of Piramal Enterprises Ltd. quoted a 52-week high of Rs 2111.55 and a 52-week low of Rs 990.0.
As per BSE, the total market cap of the Piramal Enterprises Ltd. stood at Rs 47422.82 crore at the time of writing this report.
Key Financials
The company reported consolidated 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 corresponding quarter last year.
Shareholding pattern
As of 31-Mar-2021, domestic institutional investors held 1.4 per cent stake in the company, 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 P/E multiple of 35.59 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.
