Share price of Piramal Ent. jumps as Sensex drops 144.31 points

Stock market update: Stocks that hit 52-week highs on NSE in today's trade

The share price of . gained 0.37 per cent to Rs 1012.4 at 12:58PM (IST) in Wednesday’s trade. The counter has hit a high of Rs 1016.4 and low of Rs 993.0 so far during the session. The stock had closed at Rs 1008.7 in the previous session.

The counter has had a total traded volume of 33674 shares so far with a value of Rs 3.38 crore on the NSE. It traded at a price-to-earnings multiple of 12.86 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 60.73 per cent during the past one year, while the 30-share index advanced 1.3 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 overseas investors and domestic institutional investors ownership stood at 34.54 per cent and 2.02 per cent, respectively.

Key Financials

The firm reported consolidated 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.

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