Piramal Enterprises moves up on looking at sustained growth, profitability
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Piramal Enterprises is currently trading at Rs. 796.20, up by 10.70 points or 1.36% from its previous closing of Rs. 785.50 on the BSE.
The scrip opened at Rs. 784.00 and has touched a high and low of Rs. 799.50 and Rs. 784.00 respectively. So far 11661 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1,202.73 on 26-Aug-2022 and a 52 week low of Rs. 630.20 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 807.00 and Rs. 780.80 respectively. The current market cap of the company is Rs. 18982.12 crore.
The promoters holding in the company stood at 43.48%, while Institutions and Non-Institutions held 38.26% and 18.25% respectively.
Piramal Enterprises is looking at sustained growth and profitability with the last few years spent in making balance sheets and businesses more resilient to tide over unforeseen uncertainties. As per the company, the efforts over the last years have shown positive results with the group ending the last fiscal with a net profit of Rs 9,969 crore and total assets of Rs 83,386 crore.
Piramal Enterprises is one of India’s large diversified companies, with a presence in Pharmaceuticals, Healthcare Information Management and Financial Services.
