Time period given by analyst is one year 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 67661.16 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 brokerage maintains HOLD with a revised SoTP-based target price of Rs2,933 (earlier: Rs2,797). Effectively leveraging the acquired DHFL network to cross- sell existing retail products will be key going forward. It continues to await visibility on utilisation of unallocated equity (an optional value).
Promoter/FII Holdings
Promoters held 43.5 per cent stake in the company as of June 30, 2021, while FIIs held 33.3 per cent, DIIs 9.8 per cent and public and others 13.4 per cent.
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