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    Piramal Ent. shares up 0.86% as Nifty gains

    Synopsis

    A total of 28,603 shares changed hands on the counter till 11:26AM (IST).

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    Agarwal said the global economy is showing clear signs of recovery. The second wave of Covid-19 is ebbing in India with total active cases at less than 20 per cent of May highs.
    NEW DELHI: Shares of Piramal Enterprises Ltd. traded 0.86 per cent up in Wednesday's trade at 11:26AM (IST). Around 28,603 shares changed hands on the counter.

    The scrip opened at Rs 807.05 and touched an intraday high and low of Rs 815.9 and Rs 796.5, respectively, in the session so far. The stock of Piramal Enterprises Ltd. quoted a 52-week high of Rs 2876.7 and a 52-week low of Rs 796.5.

    Total market cap of the Piramal Enterprises Ltd. stood at Rs 19319.83 crore at the time of writing this report.

    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 previous quarter's Rs 4401.03 crore and down 23.74 per cent from the year-ago quarter's Rs 3011.6 crore.

    The net profit for latest quarter stood at Rs 496.09 crore, down 8.03 per cent from the corresponding quarter last year.

    Shareholding pattern
    As of 30-Jun-2022, DIIs held 2.02 per cent stake in the firm, while foreign institutional investors held 34.54 per cent and the promoters 43.49 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a price-to-earnings multiple of 10.28 and a price-to-book ratio of 1.47. 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.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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