Piramal Enterprises surges as its arm partners with Punjab & Sind Bank
Piramal Enterprises is currently trading at Rs. 950.75, up by 34.45 points or 3.76% from its previous closing of Rs. 916.30 on the BSE.
The scrip opened at Rs. 919.70 and has touched a high and low of Rs. 951.70 and Rs. 919.70 respectively. So far 15413 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1275.40 on 12-Dec-2024 and a 52 week low of Rs. 736.60 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 951.70 and Rs. 880.25 respectively. The current market cap of the company is Rs. 21392.20 crore.
The promoters holding in the company stood at 46.30%, while Institutions and Non-Institutions held 30.25% and 23.46% respectively.
Piramal Enterprises’ wholly owned subsidiary -- Piramal Capital & Housing Finance (Piramal Finance) and Punjab & Sind Bank have entered into a strategic co-lending partnership to enhance credit availability for middle- and low-income borrowers, with a special emphasis on rural and semi-urban regions.
This collaboration brings together Punjab & Sind Bank’s deep financial expertise and extensive network of 1575 branches with Piramal Finance’s unique ‘High Tech + High Touch’ approach. Additionally, Piramal Finance’s strong presence across 514+ branches in 13,000 pin codes, serving 4.5 million customers in 26 states, will further strengthen outreach and accessibility.
Piramal Enterprises is one of India’s large diversified companies, with a presence in Pharmaceuticals, Healthcare Information Management and Financial Services.
