Piramal Enterprises share price: Stock market news: Piramal Enterprises shares trade flat in early session

NEW DELHI: Shares of Piramal Enterprises Ltd. traded 0.06 per cent down in Wednesday’s trade at 11:32AM (IST). Around 27,894 shares changed hands on the counter.

The counter opened at Rs 1365 and touched an intraday high and low of Rs 1384.25 and Rs 1342.7, respectively, in the session so far. The stock of Piramal Enterprises Ltd. quoted a 52-week high of Rs 1869.42 and a 52-week low of Rs 608.

Total market cap of the Piramal Enterprises Ltd. stood at Rs 30407.08 crore at the time of writing this report.

Key Financials

The company reported consolidated net sales of Rs 2937.34 crore for the quarter ended 30-Jun-2020, down 12.08 per cent from previous quarter’s Rs 3341.0 crore and down 16.23 per cent from the year-ago quarter’s Rs 3506.25 crore.

The net profit for latest quarter stood at Rs 495.56 crore, up 9.91 per cent from the same quarter a year ago.

Shareholding pattern

As of 30-Jun-2020, DIIs held 0.54 per cent stake in the company, while foreign institutional investors held 29.56 per cent and the promoters 46.06 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 415.0 and a price-to-book ratio of 0.73. 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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