Share price of Piramal Ent. rises as Nifty strengthens

Share price of Piramal Ent. rises as Nifty strengthens
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Synopsis

A total of 6,383 shares changed hands on the counter till 11:01AM (IST).

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Retail and banking stocks rose 0.5 per cent and 0.7 per cent, respectively.
Shares of Piramal Enterprises Ltd. gained 1.46 per cent to Rs 2233.25 in Wednesday's trade as of 11:01AM (IST).

The stock hit a high price of Rs 2268.3 and low of Rs 2207.0 during the session.

The return on equity (ROE) for the stock stood at 4.1 per cent. Traded volume on the counter stood at 11:01AM shares and turnover at Rs 1.42 crore around that time.

The stock of Piramal Enterprises Ltd. quoted a 52-week high and 52-week low prices of Rs 3013.0 and Rs 1612.0, respectively.

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

Promotor/FII Holding
Promoters held 43.49 per cent stake in the company as of 31-Dec-2021, while foreign investors held 35.31 per cent and domestic institutional investors had 8.19 per cent.

Key Financials
The company reported consolidated sales of Rs 4067.19 crore for the quarter ended 31-Dec-2021, up 25.78 per cent from previous quarter's Rs 3233.59 crore and up 24.58 per cent from the year-ago quarter's Rs 3264.82 crore.

Net profit after tax for the latest quarter stood at Rs 855.08 crore, up 9.67 per cent from the same quarter a year ago.

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