Share price of Piramal Ent. falls as Sensex drops 1806.97 points

Share price of Piramal Ent. falls as Sensex drops 1806.97 points
ETMarkets.com
Share
Font Size
Save
Comment
Synopsis

Promoters held 46.06 per cent stake in the company as of 31-Dec-2020, while FII and DII ownership stood at 28.59 per cent and 1.26 per cent, respectively.

ETMarkets.com
The share price of Piramal Enterprises Ltd. dropped 8.09 per cent to Rs 1663.2 at 01:28PM (IST) in Monday's trade. The scrip has hit a high of Rs 1789.7 and low of Rs 1651.0 so far during the session. The stock had closed at Rs 1809.55 in the previous session.

The counter has had a total traded volume of 84452 shares so far with a value of Rs 14.37 crore on the NSE. It traded at a price-to-earnings multiple of 187.24 and a price-to-book ratio of 0.73.

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 reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 73.68 per cent during the past one year, while the 30-share index advanced 73.18 per cent during the same period.

Piramal Enterprises Ltd. belongs to the Diversified industry.

Promotor/FII Holding
Promoters held 46.06 per cent stake in the company as of 31-Dec-2020, while foreign investors and domestic institutional investors ownership stood at 28.59 per cent and 1.26 per cent, respectively.

Key Financials
The firm reported consolidated sales of Rs 3264.82 crore for the quarter ended 31-Dec-2020, down 2.23 per cent from the previous quarter's Rs 3339.39 crore and down 17.28 per cent from the year-ago quarter's Rs 3947.0 crore.

Profit for the latest quarter stood at Rs 779.69 crore, up 7.55 per cent from the same quarter a year ago.

Read More News on

(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

ETPrime stories of the day