Piramal Ent Share Price: Share price of Piramal Ent. falls as Sensex gains 144.41 points

Share price of Piramal Enterprises Ltd. dropped 0.43 per cent to Rs 2403.8 at 02:15PM (IST) in Wednesday’s trade. The scrip hit a high of Rs 2420.0 and low of Rs 2347.0 so far during the session. The stock had closed at Rs 2414.25 in the previous session.

The counter had a total traded volume of 02:15PM shares so far with a turnover of Rs 10.8 crore on BSE. The stock traded at a price-to-earnings multiple of 42.69 and a price-to-book ratio of 1.22.

A higher price-to-earnings 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 14-Jun-2021, while overseas investors and domestic institutional investors ownership stood at 29.07 per cent and 10.54 per cent, respectively.

Key Financials

The firm reported consolidated sales of Rs 3565.98 crore for the quarter ended 31-Mar-2021, up 9.22 per cent from the previous quarter’s Rs 3264.82 crore and up 0.41 per cent from the year-ago quarter’s Rs 3580.55 crore.

Its loss for the latest quarter stood at Rs 571.21 crore, down 66.44 per cent from the same quarter a year ago.