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ā¢ Jefferies has an underperform call on Piramal Enterprises and has cut the target price to Rs 855 per share due to reported PBT below estimates.
ā¢ The company's revenue from operations grew 16 percent year-on-year to Rs 2,193 crore for the quarter ending September 2023.
ā¢ The gross non-performing assets (GNPA) ratio for the reporting period declined to 2.7 percent, while the net NPA ratio was flat at 1.5 percent.