NEW DELHI: Shares of Piramal Enterprises Ltd. traded 0.24 per cent up in Wednesday’s trade at 11:13AM (IST). Around 56,610 shares changed hands on the counter.

The counter opened at Rs 1279.0 and touched an intraday high and low of Rs 1295.0 and Rs 1247.5, respectively, in the session so far. The stock of Piramal Enterprises Ltd. quoted a 52-week high of Rs 2049.92 and a 52-week low of Rs 608.0.

Total market cap of the Piramal Enterprises Ltd. stood at Rs 28705.39 crore at the time of writing this report.

Piramal Enterprises on Tuesday said its board has approved raising up to Rs 2,590 crore through issuance of secured non-convertible bonds on a private placement basis.

Key Financials

The company reported consolidated net sales of Rs 3341.0 crore for the quarter ended 31-Mar-2020, down 12.21 per cent from previous quarter’s Rs 3805.67 crore and down 9.2 per cent from the year-ago quarter’s Rs 3679.67 crore.

Shareholding pattern

As of 31-Mar-2020, domestic institutional investors held 0.35 per cent stake in the company, while foreign institutional investors held 29.45 per cent and the promoters 46.06 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 1003.69 and a price-to-book ratio of 0.94. 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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