Share price of Piramal Ent. falls as Sensex drops 218.47 points

The share price of Piramal Enterprises Ltd. dropped 2.01 per cent to Rs 2864.15 at 01:57PM (IST) in Wednesday's trade. The scrip has hit a high of Rs 2942.0 and low of Rs 2852.7 so far during the session. The stock had closed at Rs 2922.9 in the previous session.

The counter has had a total traded volume of 60544 shares so far with a value of Rs 17.5 crore on the NSE. It traded at a price-to-earnings multiple of 49.72 and a price-to-book ratio of 1.22.

A higher P/E 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 112.16 per cent during the past one year, while the 30-share index advanced 59.21 per cent during the same period.

Piramal Enterprises Ltd. belongs to the Diversified industry.

Promotor/FII Holding
Promoters held 43.52 per cent stake in the company as of 30-Jun-2021, while FIIs and domestic institutional investors ownership stood at 33.27 per cent and 1.44 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 3011.6 crore for the quarter ended 30-Jun-2021, down 15.55 per cent from the previous quarter's Rs 3565.98 crore and down 0.29 per cent from the year-ago quarter's Rs 3002.8 crore.

Profit for the latest quarter stood at Rs 539.4 crore, up 8.85 per cent from the same quarter a year ago.