Share price of Piramal Ent. jumps as Sensex gains 411.42 points

ACC Ltd. shares  up  5.37% as Nifty  drops

Share price of Piramal Enterprises Ltd. gained 1.64 per cent to Rs 1778.7 at 10:57AM (IST) in Wednesday’s trade. The stock hit a high of Rs 1784.0 and low of Rs 1753.9 so far during the session. The stock had closed at Rs 1750.0 in the previous session.

The counter had a total traded volume of 10:57AM shares so far with a turnover of Rs 1.83 crore on BSE. The stock traded at a price-to-earnings multiple of 197.62 and a price-to-book ratio of 0.73.

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 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.

Promotor/FII Holding

Promoters held 46.06 per cent stake in the company as of 31-Dec-2020, while overseas investors and domestic institutional investors ownership stood at 28.59 per cent and 10.54 per cent, respectively.

Key Financials

The firm reported consolidated net sales of Rs 3264.82 crore for the quarter ended 31-Dec-2020, down 2.23 per cent from the previous quarter’s Rs 3339.39 crore and down 17.28 per cent from the year-ago quarter’s Rs 3947.0 crore.

Its profit for the latest quarter stood at Rs 779.69 crore, up 7.55 per cent from the same quarter a year ago.

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