Share price of Piramal Ent. jumps as Sensex gains 632.43 points

Share price of Piramal Enterprises Ltd. gained 2.9 per cent to Rs 1701.0 at 11:43AM (IST) in Tuesday's trade. The stock hit a high of Rs 1703.0 and low of Rs 1653.1 so far during the session. The stock had closed at Rs 1653.05 in the previous session.

The counter had a total traded volume of 11:43AM shares so far with a turnover of Rs 6.32 crore on BSE. The stock traded at a price-to-earnings multiple of 28.74 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 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.

Promotor/FII Holding
Promoters held 46.06 per cent stake in the company as of 31-Mar-2021, while foreign investors and domestic institutional investors ownership stood at 29.07 per cent and 10.54 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 3565.98 crore for the quarter ended 31-Mar-2021, up 9.22 per cent from the previous quarter's Rs 3264.82 crore and up 0.41 per cent from the year-ago quarter's Rs 3580.55 crore.

Its loss for the latest quarter stood at Rs 571.21 crore, down 66.44 per cent from the same quarter a year ago.