After rallying 52% in a month, can Piramal Enterprises sustain its momentum?

ET Intelligence Group: The stock of Piramal Enterprises has gained nearly 52% since the beginning of February largely on account of developments in its finance business such as the acquisition of DHFL, entry into retail lending, and recovery in the property market. The stock momentum may sustain given the improving prospects of its pharmaceutical division and a possibility of its demerger and listing in the medium term. The company’s management