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    Share price of Piramal Ent. jumps as Sensex gains 292.89 points

    Synopsis

    Promoters held 46.06 per cent stake in the company as of 31-Mar-2021, while FII and DII ownership stood at 29.07 per cent and 1.4 per cent, respectively.

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    Among the 50 stocks in the Nifty index, 35 were trading in the green, while 14 were in the red.
    The share price of Piramal Enterprises Ltd. gained 0.95 per cent to Rs 2241.9 at 12:24PM (IST) in Tuesday's trade. The counter has hit a high of Rs 2267.0 and low of Rs 2202.1 so far during the session. The stock had closed at Rs 2220.7 in the previous session.

    The counter has had a total traded volume of 37927 shares so far with a value of Rs 8.46 crore on the NSE. It traded at a price-to-earnings multiple of 38.09 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 116.45 per cent during the past one year, while the 30-share index advanced 56.42 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-Mar-2021, while overseas investors and domestic institutional investors ownership stood at 29.07 per cent and 1.4 per cent, respectively.

    Key Financials
    The firm reported consolidated 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.

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

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