The counter opened at Rs 2595.6 and touched an intraday high and low of Rs 2675.2 and Rs 2552.1, 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 63369.99 crore at the time of writing this report.
Key Financials
The company reported consolidated net 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 corresponding quarter last year.
Shareholding pattern
As of 30-Sep-2021, DIIs held 2.03 per cent stake in the firm, while foreign institutional investors held 34.97 per cent and the promoters 43.51 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 46.05 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.
