Piramal Ent. shares gain 0.23% as Sensex falls

Shares of Piramal Enterprises Ltd. traded 0.23 per cent up at Rs 2635.9 at 11:42AM (IST) on Thursday, even as BSE benchmark Sensex dropped 153.46 points to 58496.22. The scrip had settled at Rs 2629.75 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 3013.0 and Rs 1283.9, respectively.

As per BSE data, total traded volume on the counter till 11:42AM (IST) stood at 11:42AM shares with turnover at Rs 2.94 crore.

At the prevailing price, shares of the company trades at 54.03 times its trailing 12-month EPS of Rs 48.9 per share and 1.22 times its price-to-book value, BSE data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.96.

Shareholding Details
Promoters held 43.51 per cent stake in the company as of 30-Sep-2021, while FIIs owned 34.97 per cent and DIIs 8.42 per cent.