Share price of Piramal Ent. falls as Sensex drops 897.82 points

The share price of Piramal Enterprises Ltd. dropped 6.6 per cent to Rs 891.0 at 11:52AM (IST) in Monday's trade. The stock has hit a high of Rs 950.0 and low of Rs 869.4 so far during the session. The stock had closed at Rs 954.0 in the previous session.

The counter has had a total traded volume of 47768 shares so far with a value of Rs 4.32 crore on the NSE. It traded at a price-to-earnings multiple of 11.32 and a price-to-book ratio of 1.47.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip declined 67.86 per cent during the past one year, while the 30-share index slipped -3.07 per cent during the same period.

Piramal Enterprises Ltd. belongs to the Diversified industry.

Promotor/FII Holding
Promoters held 43.49 per cent stake in the company as of 30-Jun-2022, while foreign investors and domestic institutional investors ownership stood at 34.54 per cent and 2.02 per cent, respectively.

Key Financials
The company reported consolidated net sales of Rs 3726.46 crore for the quarter ended 30-Jun-2022, down 15.33 per cent from the previous quarter's Rs 4401.03 crore and down 23.74 per cent from the year-ago quarter's Rs 3011.6 crore.

Profit for the latest quarter stood at Rs 496.09 crore, down 8.03 per cent from the same quarter a year ago.