Getty Images has buy call on Piramal Enterprises with a target price of Rs 1391. The current market price of is Rs 1050.35. Time period given by analyst is one year when . price can reach defined target.
Piramal Enterprises Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 25383.08 Crore) operating in Diversified sector.
Piramal Enterprises Ltd. key Products/Revenue Segments include Pharmaceuticals, Interest, Income From Financial Services, Sale of services, Dividend, Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 3726.46 Crore, down -15.33 % from last quarter Total Income of Rs 4401.03 Crore and up 23.74 % from last year same quarter Total Income of Rs 3011.60 Crore. Company reported net profit after tax of Rs 316.78 Crore in latest quarter.
Investment Rationale
The brokerage values PEL’s financial services business (factoring demerger of pharma business) at Rs332bn or Rs1,391 per share.
Promoter/FII Holdings
Promoters held 43.49 per cent stake in the company as of 30-Jun-2022, while FIIs owned 34.54 per cent, DIIs 8.13 per cent.
Piramal Enterprises Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 25383.08 Crore) operating in Diversified sector.
Piramal Enterprises Ltd. key Products/Revenue Segments include Pharmaceuticals, Interest, Income From Financial Services, Sale of services, Dividend, Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 3726.46 Crore, down -15.33 % from last quarter Total Income of Rs 4401.03 Crore and up 23.74 % from last year same quarter Total Income of Rs 3011.60 Crore. Company reported net profit after tax of Rs 316.78 Crore in latest quarter.
Investment Rationale
The brokerage values PEL’s financial services business (factoring demerger of pharma business) at Rs332bn or Rs1,391 per share.
Promoter/FII Holdings
Promoters held 43.49 per cent stake in the company as of 30-Jun-2022, while FIIs owned 34.54 per cent, DIIs 8.13 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
Experience Your Economic Times Newspaper, The Digital Way!
Read More News on
(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.)
...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.
Pick the best stocks for yourself
Powered by