The share price of Piramal Enterprises Ltd. fell 2.01 percent to Rs 2,864.15 at 1:57 p.m. (IST) in Wednesday’s trading. The script has reached a high of Rs 2942.0 and a low of Rs 2852.7 so far during the session. The stock had closed at Rs 2,922.9 in the previous session.

The meter has had a total traded volume of 60,544 shares so far with a value of Rs 17.5 crore on the NSE. It was trading at a price / earnings multiple of 49.72 and a price / book ratio of 1.22.

A higher P / E ratio shows that investors are willing to pay a higher price for the earnings per rupee given by the stock due to better expectations of future growth.

Price-to-book value indicates the intrinsic value of a business and reflects the price investors are willing to pay even if the business does not grow.

The script has gained 112.16 percent over the past year, while the 30-stock index has risen 59.21 percent over the same period.

Piramal Enterprises Ltd. belongs to the diverse industry.


Promoter / FII Holding

The promoters held 43.52 percent of the company’s capital as of June 30, 2021, while the ownership of FIIs and domestic institutional investors stood at 33.27 percent and 1.44 percent, respectively.

Key financial data

The company reported consolidated net sales of Rs 3,011.6 crore for the quarter ended June 30, 2021, down 15.55% from Rs 3,565.98 crore in the previous quarter and down 0.29% compared to Rs 3,002.8 crore for the quarter of the previous year.

Profit for the last quarter amounted to Rs 539.4 crore, up 8.85% from the same quarter a year ago.


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