Powered by: Motilal Oswal

News

India Resurgence Fund to acquire API and CRAMS business of Ind-Swift Laboratories for Rs 1,650 cr The board of directors of Ind-Swift Laboratories Limited on Wednesday approved a business transfer of its active pharmaceutical ingredients (API) and contract research and manufacturing services (CRAMS) to Synthimed Labs Private Limited (Synthimed), a portfolio company of India Resurgence Fund (IndiaRF).  IndiaRF, a leading India-focused investment platform promoted by Piramal Enterprises Limited and Bain Capital, will acquire the business for a consideration of Rs 1,650 crore. Ind...
India Resurgence Fund to acquire API and CRAMS business of Ind-Swift Laboratories for Rs 1,650 cr
India Resurgence Fund to acquire API and CRAMS business of Ind-Swift Laboratories for Rs 1,650 cr
Source: IANS
7/09/2023 10:19:41 AM
Buy Piramal Enterprises Ltd For Target Rs.1280 - Motilal Oswal Financial Services Building a retail-led NBFC with an emphasis on risk management Targets doubling of lending AUM and steady-state core RoA of 3.0-3.3% by FY28 We attended the Investor Day hosted by Piramal Enterprises (PIEL). The company was represented by the senior management team at PIEL including Mr. Ajay Piramal, Chairman and Mr. Anand Piramal, Non-Executive Director, Piramal Group. Key takeaways from the session are as follows: * PIEL’s vision is to become a leading NBFC, which will not only ...
Buy Piramal Enterprises Ltd For Target Rs.1280 - Motilal Oswal Financial Services
Buy Piramal Enterprises Ltd For Target Rs.1280 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
30/08/2023 12:50:12 PM
Buy Piramal Enterprises Ltd For Target Rs.1,230 - Emkay Global Financial Services Piramal Enterprises (PIEL) hosted its Investor Day on August 28, where the top management reaffirmed its earlier-stated ambition to double FY23 loan AUM by FY28 (Rs1.2-1.3trn) and deliver a consolidated RoA of ~3%. Importantly, the strategy to achieve this medium-term target was also reiterated as being a 70:30 retail to wholesale AUM mix. In retail, the approach is multiproduct offering to target the customers of Bharat without directly competing with large banks; while in wholesale, the foc...
Buy Piramal Enterprises Ltd For Target Rs.1,230 - Emkay Global Financial Services
Buy Piramal Enterprises Ltd For Target Rs.1,230 - Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
29/08/2023 2:50:37 PM
Piramal Enterprises gains on getting nod to raise up to Rs 3000 crore through NCDs Piramal Enterprises is currently trading at Rs. 1067.40, up by 8.45 points or 0.80% from its previous closing of Rs. 1058.95 on the BSE. The scrip opened at Rs. 1061.95 and has touched a high and low of Rs. 1079.85 and Rs. 1061.05 respectively. So far 37338 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 scr...
Piramal Enterprises gains on getting nod to raise up to Rs 3000 crore through NCDs
Piramal Enterprises gains on getting nod to raise up to Rs 3000 crore through NCDs
Source: Accord Fintech
23/08/2023 12:15:41 PM
Buy Piramal Enterprises Ltd For Target Rs.1,165 - Motilal Oswal Financial Services Building a resilient financial services business Higher retail mix and improving profitability to drive gradual re-rating * A watershed year! FY23 marked a significant turnaround year for Piramal Enterprises (PIEL). During this period, the company made substantial progress in multiple areas, including the completion of the asset recognition cycle, diversification of its retail book, and the implementation of technology-driven underwriting processes. These efforts led to improved asset q...
Buy Piramal Enterprises Ltd For Target Rs.1,165 - Motilal Oswal Financial Services
Buy Piramal Enterprises Ltd For Target Rs.1,165 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
3/07/2023 12:56:14 PM
Piramal Enterprises exits Shriram Finance selling 8.34% stake Non banking finance company (NBFC) Piramal Enterprises Ltd on Wednesday said it has sold its 8.34 per cent stakes in Shriram Finance Ltd. In a regulatory filing, Piramal Enterprise said it has sold its entire direct investment of 8.34 per cent (3,12,21,449 shares) in the fully paid-up share capital of Shriram Finance to third party investors, on the floor of the stock exchange. Piramal Enterprises - part of the Piramal Group having interests in pharmaceuticals, real estate apart from fi...
Piramal Enterprises exits Shriram Finance selling 8.34% stake
Piramal Enterprises exits Shriram Finance selling 8.34% stake
Source: IANS
21/06/2023 6:00:01 PM
Piramal Enterprises trades jubilantly on selling entire 8.34% stake in Shriram Finance Piramal Enterprises is currently trading at Rs. 937.80, up by 99.15 points or 11.82% from its previous closing of Rs. 838.65 on the BSE. The scrip opened at Rs. 900.10 and has touched a high and low of Rs. 964.40 and Rs. 900.10 respectively. So far 978490 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...
Piramal Enterprises trades jubilantly on selling entire 8.34% stake in Shriram Finance
Piramal Enterprises trades jubilantly on selling entire 8.34% stake in Shriram Finance
Source: Accord Fintech
21/06/2023 11:00:49 AM
Piramal Enterprises moves up on looking at sustained growth, profitability 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 s...
Piramal Enterprises moves up on looking at sustained growth, profitability
Piramal Enterprises moves up on looking at sustained growth, profitability
Source: Accord Fintech
9/06/2023 12:04:35 PM
Vedanta has best dividend yield among large cap stocks Vedanta Ltd. has the best dividend yield in the last 12 months among large cap stocks at 26 per cent. As per a report by Axis Securities, it is followed by Hindustan Zinc at 24 per cent, Coal India at 10 per cent, ONGC at 8 per cent and Power Grid, Tata Steel, GAIL, Tech Mahindra and Piramal Enterprises at 5 per cent. Among the mid cap companies, REC has the best dividend yield at 10 per cent, followed by Sanofi at 9 per cent, Oil India at 8 per cent. Among the small cap companies, T...
Vedanta has best dividend yield among large cap stocks
Vedanta has best dividend yield among large cap stocks
Source: IANS
15/05/2023 3:41:52 PM
Buy Piramal Enterprises Ltd For Target Rs. 1,300 - Emkay Global Financial Services PIEL reported Q4 earnings of Rs1.36bn (adjusted for the impact of MTM losses of Rs3.75bn in Shriram Group Investments). Retail disbursements maintained healthy momentum. In line with the retailization strategy, the wholesale book continued to run down, with the resolution phase well underway. Operating expenses were elevated during the quarter, as PIEL builds its retail franchise. We assume coverage on PIEL with a BUY rating and a Mar-24E TP of Rs1,080/share, using the SOTP methodology for...
Buy Piramal Enterprises Ltd For Target Rs. 1,300 - Emkay Global Financial Services
Buy Piramal Enterprises Ltd For Target Rs. 1,300 - Emkay Global Financial Services
Source: Emkay Global Financial Services
12/05/2023 11:31:21 AM
Buy Piramal Enterprises Ltd For Target Rs. 1,300 - Emkay Global Financial Services Retail business momentum continues; PCR on wholesale book improves * Result highlights:Piramal Enterprises (PIEL) reported Q3FY23 consolidated PAT of ~Rs35.5bn (~Rs2.2bn, after adjusting for one-time tax reversal). On an adjusted basis, earnings came in lower than our estimate, primarily on account of higher-than-expected credit costs due to a one-time provisioning buffer and prudential write-offs as well as higher operating expenses. Considering it prudent in the presence of one-off gains...
Buy Piramal Enterprises Ltd For Target Rs. 1,300 - Emkay Global Financial Services
Buy Piramal Enterprises Ltd For Target Rs. 1,300 - Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
10/02/2023 2:56:04 PM
Piramal Enterprises zooms as its arm aims about Rs 2,200 crore sales bookings in FY23 Piramal Enterprises is currently trading at Rs. 815.90, up by 25.25 points or 3.19% from its previous closing of Rs. 790.65 on the BSE. The scrip opened at Rs. 789.00 and has touched a high and low of Rs. 819.00 and Rs. 787.10 respectively. So far 52271 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1,586.75 on 05-Jan-2022 and a 52 week low of Rs. 785.00 on 18-Nov-2022. Last one week high and low of the scrip s...
Piramal Enterprises zooms as its arm aims about Rs 2,200 crore sales bookings in FY23
Piramal Enterprises zooms as its arm aims about Rs 2,200 crore sales bookings in FY23
Source: Accord Fintech
26/12/2022 3:27:03 PM
Piramal Enterprises zooms after its arm acquires 100% stake in PRL Agastya Piramal Enterprises is currently trading at Rs. 913.15, up by 43.10 points or 4.95% from its previous closing of Rs. 870.05 on the BSE. The scrip opened at Rs. 870.05 and has touched a high and low of Rs. 922.55 and Rs. 870.00 respectively. So far 129357 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1,586.75 on 05-Jan-2022 and a 52 week low of Rs. 785.00 on 18-Nov-2022. Last one week high and low of the scrip ...
Piramal Enterprises zooms after its arm acquires 100% stake in PRL Agastya
Piramal Enterprises zooms after its arm acquires 100% stake in PRL Agastya
Source: Accord Fintech
15/12/2022 3:49:05 PM
Piramal Enterprises shines on getting nod to raise up to Rs 250 crore Piramal Enterprises is currently trading at Rs. 857.00, up by 32.55 points or 3.95% from its previous closing of Rs. 824.45 on the BSE. The scrip opened at Rs. 824.45 and has touched a high and low of Rs. 861.70 and Rs. 824.45 respectively. So far 38349 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1,617.82 on 13-Dec-2021 and a 52 week low of Rs. 785.00 on 18-Nov-2022. Last one week high and low of the scrip s...
Piramal Enterprises shines on getting nod to raise up to Rs 250 crore
Piramal Enterprises shines on getting nod to raise up to Rs 250 crore
Source: Accord Fintech
1/12/2022 1:25:19 PM
Piramal Enterprises surges on planning to raise up to Rs 250 crore through NCDs Piramal Enterprises is currently trading at Rs. 822.75, up by 2.35 points or 0.29% from its previous closing of Rs. 820.40 on the BSE. The scrip opened at Rs. 818.05 and has touched a high and low of Rs. 827.10 and Rs. 818.05 respectively. So far 8770 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1,617.82 on 13-Dec-2021 and a 52 week low of Rs. 785.00 on 18-Nov-2022. Last one week high and low of the scrip sto...
Piramal Enterprises surges on planning to raise up to Rs 250 crore through NCDs
Piramal Enterprises surges on planning to raise up to Rs 250 crore through NCDs
Source: Accord Fintech
29/11/2022 2:58:27 PM
Buy Piramal Enterprises Ltd For Target Rs.1200 - Emkay Global Financial Services Stress recognition with improved coverage restrains earnings * Stress recognition and provision: Piramal Enterprises (PIEL) reported Q2FY23 loss of ~Rs15.36bn vs. Consensus/our PAT of Rs2.9bn/Rs3.7bn, primarily on account of much higher-than-expected credit costs of ~Rs32.6bn or 5.5% of average AUM. This was due to three factors: i) During Q2, PIEL classified ~Rs59bn of Stage-1 loans, pertaining to 18 wholesale accounts, to Stage-2. ii) Prudential write-offs of ~Rs3.6bn on accounts that we...
Buy Piramal Enterprises Ltd For Target Rs.1200 - Emkay Global Financial Services
Buy Piramal Enterprises Ltd For Target Rs.1200 - Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
16/11/2022 12:23:53 PM
Buy Piramal Enterprises Ltd For Target Rs.185 - Motilal Oswal Work-in-progress to address challenges in the CDMO segment Favorable demand and healthy launches to drive the Hospital Generics business * As a demerged entity, PIRPHARM reported its first quarter of detailed financials. The receipts from government grants have been included in other income and excluded from EBITDA and hence it is not comparable with our EBITDA estimate. Including other income, EBITDA stood at INR2.2b (est. INR2.3b). The moderate YoY growth in sales and increased OPEX a...
Buy Piramal Enterprises Ltd For Target Rs.185 - Motilal Oswal
Buy Piramal Enterprises Ltd For Target Rs.185 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
11/11/2022 9:11:08 AM
Buy Piramal Enterprises Ltd For Target Rs.1,160- Motilal Oswal Financial Services Stressed pool recognition in Wholesale led to elevated credit costs * PIEL reported a consolidated loss of ~INR15.4b (PY: +INR4b) in 2QFY23. NII grew 36% YoY, but fell 15% QoQ, to INR8.4b. This included interest income reversals of ~INR2.3b due to the movement of Wholesale exposures to Stage 2 from Stage 1. PPOP declined by 16% YoY to ~INR4b. * Total AUM declined by 5% YoY to ~INR638b, while Retail loans grew 12% to ~INR249b. The share of the Retail loan book rose to 43% (v/s 12% premer...
Buy Piramal Enterprises Ltd For Target Rs.1,160- Motilal Oswal Financial Services
Buy Piramal Enterprises Ltd For Target Rs.1,160- Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
10/11/2022 3:37:32 PM
Piramal Enterprises shines on getting nod to raise up to Rs 1000 crore through NCDs Piramal Enterprises is currently trading at Rs. 899.40, up by 13.20 points or 1.49% from its previous closing of Rs. 886.20 on the BSE. The scrip opened at Rs. 886.80 and has touched a high and low of Rs. 901.20 and Rs. 886.80 respectively. So far 3984 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1,651.89 on 10-Nov-2021 and a 52 week low of Rs. 785.85 on 17-Oct-2022. Last one week high and low of the scrip st...
Piramal Enterprises shines on getting nod to raise up to Rs 1000 crore through NCDs
Piramal Enterprises shines on getting nod to raise up to Rs 1000 crore through NCDs
Source: Accord Fintech
7/11/2022 9:48:51 AM
Buy Piramal Enterprises Ltd For Target Rs.210 - Motilal Oswal Differentiated play in CDMO/hospital generics * With SEBI approval in place, the listing of de-merged Piramal Pharma (PPL) from Piramal Enterprises is expected soon. * PPL has a differentiated business model, comprising Contract development and manufacturing (CDMO; 59% of FY22 sales), complex hospital generics (CHG; 30% of FY22 sales), and India Consumer products (ICH; 11% of FY22 sales). * While PPL has been facing business headwinds over the past 15-18M, we expect a) resource hirin...
Buy Piramal Enterprises Ltd For Target Rs.210 - Motilal Oswal
Buy Piramal Enterprises Ltd For Target Rs.210 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
19/10/2022 11:28:16 AM
Buy Advent of a prominent retail-financing play; Initiate with BUY - Emkay Global Financial Services Piramal Enterprises Ltd For Target Rs.1,360 Advent of a prominent retail-financing play; Initiate with BUY *Piramal Enterprises (PIEL), post the de-merger of its pharmaceutical business, is a NBFC with presence across both retail and wholesale financing and assets under management (AUM) of Rs645.9bn. Building on its acquisition of Dewan Housing Finance (DHFL) and capitalized by the infusion of capital of ~Rs185bn, from stake sales and the rights issue, we forecast PIEL’s loan book...
Buy Advent of a prominent retail-financing play; Initiate with BUY - Emkay Global Financial Services
Buy Advent of a prominent retail-financing play; Initiate with BUY - Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
22/09/2022 3:00:58 PM
Buy Piramal Enterprises Ltd For Target Rs.1,391 - ICICI Securities Financial services business price discovery; goes expharma a day prior to record date Piramal Enterprises (PEL) has fixed September 1, ‘22 as demerger of Piramal Pharma record date. Accordingly, price discovery for financial services business happened during the market opening hours (on August 30, ’22) and PEL shares traded ex-pharma business valuation all through the day. Closing market price at Rs1,064 per share or market cap of Rs255bn represented financial services business...
Buy Piramal Enterprises Ltd For Target Rs.1,391 - ICICI Securities
Buy Piramal Enterprises Ltd For Target Rs.1,391 - ICICI Securities
Source: ICICI Direct Ltd
21/09/2022 11:26:53 AM
Piramal Enterprises soars on getting nod to raise Rs 750 crore via NCDs Piramal Enterprises is currently trading at Rs. 977.30, up by 33.65 points or 3.57% from its previous closing of Rs. 943.65 on the BSE. The scrip opened at Rs. 945.00 and has touched a high and low of Rs. 980.25 and Rs. 945.00 respectively. So far 57214 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1,738.50 on 07-Oct-2021 and a 52 week low of Rs. 900.70 on 20-June-2022. Last one week high and low of the scrip ...
Piramal Enterprises soars on getting nod to raise Rs 750 crore via NCDs
Piramal Enterprises soars on getting nod to raise Rs 750 crore via NCDs
Source: Accord Fintech
20/09/2022 12:29:33 PM
Buy Piramal Enterprises Ltd For Target Rs.1,320 - Motilal Oswal Financial Services Building out the Retail franchise in the NBFC entity Post demerger of the Pharma business, PIEL is now an NBFC with a simpler structure * PIEL had fixed 1 st Sep’22 as the record date for the demerger of Piramal Pharma (PPL). Price discovery for the Financial Services business has already occurred, and PIEL now trades as a diversified NBFC registered with the RBI. * Integration of DHFL has progressed well. The Retail lending business continues to gain traction, with an improvem...
Buy Piramal Enterprises Ltd For Target Rs.1,320 - Motilal Oswal Financial Services
Buy Piramal Enterprises Ltd For Target Rs.1,320 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
16/09/2022 2:41:32 PM
Buy Piramal Enterprises Ltd For Target Rs.2,200 - Motilal Oswal Retail gaining momentum, slippages continue in Wholesale; intermittent constraints in Pharma PIEL reported a consolidated PAT of ~INR4.9b in 1QFY23 (PY: INR5.3                                        Revenue grew by ~22% YoY to INR35.5b in 1QFY23 (PY: INR29.1b). ? AUM in Financial Services (FS) grew 37% YoY to ~INR646b, while Retail loans grew over 4x to ~INR223b. The share of the Retail b...
Buy Piramal Enterprises Ltd For Target Rs.2,200 - Motilal Oswal
Buy Piramal Enterprises Ltd For Target Rs.2,200 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
12/09/2022 12:02:02 PM
Piramal Enterprises raises Rs 76.115 crore through NCDs Piramal Enterprises has raised Rs 76.115 crore through Secured, Rated, Listed, Redeemable Principal Protected, Market Linked Non-Convertible Debentures (NCDs) and allotted 750 NCDs each having a face value of Rs 10,00,000, at a further issue price of Rs 10,14,869 per debenture on private placement basis. These Debentures are proposed to be listed on the Debt Segment and Capital Market Segment of National Stock Exchange of India (NSE) and BSE respectively, and NSE being the designated Stock Ex...
Piramal Enterprises raises Rs 76.115 crore through NCDs
Piramal Enterprises raises Rs 76.115 crore through NCDs
Source: Accord Fintech
3/08/2022 9:45:43 AM
Piramal Enterprises surges on getting license to commence business of non-banking finance institution Piramal Enterprises is currently trading at Rs. 1813.25, up by 49.40 points or 2.80% from its previous closing of Rs. 1763.85 on the BSE. The scrip opened at Rs. 1780.00 and has touched a high and low of Rs. 1833.00 and Rs. 1773.50 respectively. So far 50479 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3013.00 on 07-Oct-2021 and a 52 week low of Rs. 1561.00 on 20-Jun-2022. Last one week high and low of the sc...
Piramal Enterprises surges on getting license to commence business of non-banking finance institution
Piramal Enterprises surges on getting license to commence business of non-banking finance institution
Source: Accord Fintech
27/07/2022 3:07:23 PM
Piramal Enterprises to raise Rs 500 crore through NCDs Piramal Enterprises is planning to raise Rs 500 crore through issuance of Secured, Rated, Listed, Redeemable, Principal Protected, Market Linked Non-Convertible Debentures (NCDs) up to Rs 50 crore along with an option to retain oversubscription up to Rs 450 crore on a private placement basis. A meeting of the Administrative Committee of the Board of Directors of the Company will be held on July 14, 2022, to consider and approve the same. Piramal Enterprises is one of India’s large di...
Piramal Enterprises to raise Rs 500 crore through NCDs
Piramal Enterprises to raise Rs 500 crore through NCDs
Source: Accord Fintech
12/07/2022 11:16:50 AM
Piramal Enterprises rises on getting nod from shareholders to demerge pharmaceuticals business Piramal Enterprises is currently trading at Rs. 1718.70, up by 7.50 points or 0.44% from its previous closing of Rs. 1711.20 on the BSE. The scrip opened at Rs. 1740.00 and has touched a high and low of Rs. 1742.30 and Rs. 1715.85 respectively. So far 4091 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3013.00 on 07-Oct-2021 and a 52 week low of Rs. 1561.00 on 20-Jun-2022. Last one week high and low of the scri...
Piramal Enterprises rises on getting nod from shareholders to demerge pharmaceuticals business
Piramal Enterprises rises on getting nod from shareholders to demerge pharmaceuticals business
Source: Accord Fintech
7/07/2022 11:51:12 AM
Piramal Enterprises Q4 net profit zooms 301.77% at Rs 316.23 cr The company reported standalone net profit of Rs 316.23 crore for the quarter ended March 31, 2022 as compared to Rs 78.71 crore in the same period last year, registering a year-on-year growth of 301.77 per cent. Net revenue of the company rose moderately by 16.22 per cent at Rs 573.64 crore in January-March quarter of this fiscal as against Rs 493.59 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 71.42 per cent to Rs 341.29 crore fr...
Piramal Enterprises Q4 net profit zooms 301.77% at Rs 316.23 cr
Piramal Enterprises Q4 net profit zooms 301.77% at Rs 316.23 cr
Source: Dion Global Solutions Ltd
27/05/2022 11:33:29 AM
Piramal Enterprises trades in green on raising Rs 100 crore through NCDs Piramal Enterprises is currently trading at Rs. 1815.00, up by 5.05 points or 0.28% from its previous closing of Rs. 1809.95 on the BSE. The scrip opened at Rs. 1820.00 and has touched a high and low of Rs. 1847.80 and Rs. 1808.00 respectively. So far 16093 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3013.00 on 07-Oct-2021 and a 52 week low of Rs. 1687.30 on 25-May-2021. Last one week high and low of the scr...
Piramal Enterprises trades in green on raising Rs 100 crore through NCDs
Piramal Enterprises trades in green on raising Rs 100 crore through NCDs
Source: Accord Fintech
25/05/2022 1:46:24 PM
Piramal Enterprises zooms on raising Rs 100 crore through NCDs Piramal Enterprises is currently trading at Rs. 2076.70, up by 51.60 points or 2.55% from its previous closing of Rs. 2025.10 on the BSE. The scrip opened at Rs. 2065.00 and has touched a high and low of Rs. 2082.55 and Rs. 2047.85 respectively. So far 8600 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3013.00 on 07-Oct-2021 and a 52 week low of Rs. 1616.10 on 14-May-2021. Last one week high and low of the scr...
Piramal Enterprises zooms on raising Rs 100 crore through NCDs
Piramal Enterprises zooms on raising Rs 100 crore through NCDs
Source: Accord Fintech
5/05/2022 11:44:29 AM
Piramal Enterprises surges on planning to raise Rs 700 crore via NCDs Piramal Enterprises is currently trading at Rs. 2220.00, up by 74.10 points or 3.45% from its previous closing of Rs. 2145.90 on the BSE. The scrip opened at Rs. 2160.00 and has touched a high and low of Rs. 2232.40 and Rs. 2160.00 respectively. So far 1018 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3013.00 on 07-Oct-2021 and a 52 week low of Rs. 1616.10 on 14-May-2021. Last one week high and low of the scr...
Piramal Enterprises surges on planning to raise Rs 700 crore via NCDs
Piramal Enterprises surges on planning to raise Rs 700 crore via NCDs
Source: Accord Fintech
29/04/2022 9:35:22 AM
Add Piramal Enterprises Ltd For Target Rs.2,922 - ICICI Securities DHFL integration without any incremental hit; leveraging acquired network key going forward Piramal Enterprises’ consolidated financials, post DHFL integration and completion of review by auditors, were key to watch out in Q2FY22 earnings. The fair value of DHFL assets acquired was pegged at Rs203bn (Rs185bn of retail + Rs20bn of wholesale book), netting of cash on DHFL’s book (net of creditors entitlement) of Rs140bn from purchase considerations of Rs342.5bn. There were no inc...
Add Piramal Enterprises Ltd For Target Rs.2,922 - ICICI Securities
Add Piramal Enterprises Ltd For Target Rs.2,922 - ICICI Securities
Source: ICICI Securities Ltd
23/12/2021 9:24:24 AM
Weekly Tech Picks - Tata Communication Ltd, Aegis Logistics Ltd, Piramal Enterprises Ltd, JSW Steel Ltd By Axis Securities Tata Communications Limited * On the daily chart, the stock has bounced back sharply from its previous breakout zone of 1200 levels which remains a positive sign * The stock has also recaptured its 200 day EMA (1244) which remains a crucial support zone * This buying was observed with huge volume spurt which reconfirm our positive bias * The daily strength indicator RSI and the momentum indicator Stochastic both are in bullish mode which supports rising strengt...
Weekly Tech Picks - Tata Communication Ltd, Aegis Logistics Ltd, Piramal Enterprises Ltd, JSW Steel Ltd By Axis Securities
Weekly Tech Picks - Tata Communication Ltd, Aegis Logistics Ltd, Piramal Enterprises Ltd, JSW Steel Ltd By Axis Securities
Source: Axis Securities Ltd
28/11/2021 12:17:39 PM
Emargin Positional Pick - Buy Piramal Enterprises Limited For Target Rs. 3180 - HDFC Securities Emargin Positional Pick - Buy Piramal Enterprises Limited For Target Rs. 3180 - HDFC Securities * Piramal Enterprises is in an intermediate uptrend as it has been making higher tops and higher bottoms for the last several weeks and consistently trading above the 20 week SMA. * The stock was recently consolidating in a range above the 20 week SMA. On Tuesday, the stock broke out of this range on the back of above average volumes. * Technical indicators are giving p...
Emargin Positional Pick - Buy Piramal Enterprises Limited For Target Rs. 3180 - HDFC Securities
Emargin Positional Pick - Buy Piramal Enterprises Limited For Target Rs. 3180 - HDFC Securities
Source: HDFC Securities Ltd
2/11/2021 12:21:46 PM
Hold Piramal Enterprises Ltd For Target Rs.2,797 - ICICI Securities DHFL integration on expected lines; discharges creditors dues Piramal Capital and Housing Finance (PCHFL) discharging the consideration to Dewan Housing Finance (DHFL) creditors with 46% recovery run-rate pursuant to resolution plan is on expected lines. Successful bidding, timely regulatory approvals and improving visibility towards building a diversified book (through DHFL acquisitions), coupled with stable stress in wholesale segment, have triggered re-rating of its financial services b...
Hold Piramal Enterprises Ltd For Target Rs.2,797 - ICICI Securities
Hold Piramal Enterprises Ltd For Target Rs.2,797 - ICICI Securities
Source: ICICI Securities
25/10/2021 9:23:54 AM
Buy Piramal Enterprises Ltd For Target Rs.3,150 - Motilal Oswal Completion of the DHFL acquisition a positive; transitioning from a ‘trust me’ to a ‘show me’ story in Retail * Piramal Enterprises (PIEL) reported completion of DHFL’s acquisition after it paid INR342.5b to the latter’s creditors. This included an upfront cash component of INR147b and deferred component of INR195.5b paid via 10- year NCDs raised at 6.75% p.a. Principal on NCDs will be repaid at 5% p.a. for the first five years and 15% p.a. thereafter fo...
Buy Piramal Enterprises Ltd For Target Rs.3,150 - Motilal Oswal
Buy Piramal Enterprises Ltd For Target Rs.3,150 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
16/10/2021 10:35:24 AM
Piramal Enterprises declines as its board approves demerger of pharma business Piramal Enterprises is currently trading at Rs. 2744.95, down by 141.45 points or 4.90% from its previous closing of Rs. 2886.40 on the BSE. The scrip opened at Rs. 2957.30 and has touched a high and low of Rs. 2957.30 and Rs. 2727.80 respectively. So far 92499 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3013.00 on 07-Oct-2021 and a 52 week low of Rs. 1198.90 on 29-Oct-2020. Last one week high and low of the...
Piramal Enterprises declines as its board approves demerger of pharma business
Piramal Enterprises declines as its board approves demerger of pharma business
Source: Accord Fintech
8/10/2021 2:23:30 PM
Key News - Reliance Retail Ventures Ltd, Oberoi Realty Ltd, IndiGo Ltd, National Company Law Appellate Tribunal, Piramal Enterprises Ltd, Emami Ltd By ARETE Securities Key News Reliance Retail Ventures brings 7-Eleven to India after Future exit Reliance Retail Ventures (RRVL), the country’s largest retailer with over 12,800 active stores, is all set to enter the fast-growing convenience store segment after it struck a crucial franchisee deal with American major 7- Eleven, Inc (SEI). Days after 7-Eleven’s franchise deal with Future Retail (FRL) fell through, RRVL grabbed the master franchisee for the Dallas-based convenience brand for the I...
Key News - Reliance Retail Ventures Ltd, Oberoi Realty Ltd, IndiGo Ltd, National Company Law Appellate Tribunal, Piramal Enterprises Ltd, Emami Ltd By ARETE Securities
Key News - Reliance Retail Ventures Ltd, Oberoi Realty Ltd, IndiGo Ltd, National Company Law Appellate Tribunal, Piramal Enterprises Ltd, Emami Ltd By ARETE Securities
Source: ARETE Securities Ltd
8/10/2021 9:09:55 AM
Quote on Piramal Enterprises Limited by Mr. Yash Gupta, Angel One Ltd Below is quote on Piramal Enterprises Limited by Mr. Yash Gupta, Equity Research Analyst, Angel One Ltd    Piramal Enterprises Limited board approves composition scheme of arrangement. Piramal Enterprises Limited boards approves demerger of pharma operations, transfer by the way of demerged entity i.e Piramal Pharma Ltd from Piramal Enterprises Limited. Piramal Enterprises Limited shareholders will get shares of Piramal Pharma Ltd in 4:1 ra...
Quote on Piramal Enterprises Limited by Mr. Yash Gupta, Angel One Ltd
Quote on Piramal Enterprises Limited by Mr. Yash Gupta, Angel One Ltd
Source: Angel One Ltd
7/10/2021 5:36:12 PM
Piramal Enterprises announces demerger, to create 2 listed entities BENGALURU - Piramal Enterprises Limited (PEL) has proposed to demerge its pharmaceutical business as part of simplification of the corporate structure. The board of directors of PEL on Thursday approved a composite scheme of arrangement providing for this demerger that will create two industry-focused listed entities -- in financial services and pharmaceuticals. As part of the plan, the pharmaceutical business will get demerged from PEL and consolidated in Piramal Pharma Limited (PPL). ...
Piramal Enterprises announces demerger, to create 2 listed entities
Piramal Enterprises announces demerger, to create 2 listed entities
Source: IANS
7/10/2021 4:26:54 PM
Piramal pays consideration for acquisition and merger of DHFL Piramal Enterprises Limited on Wednesday announced that it has completed payment for the acquisition of Dewan Housing Finance Corporation Ltd (DHFL), marking the first successful resolution under the IBC route in the financial services sector. The National Company Law Tribunal, Mumbai Bench (NCLT), had earlier accorded its approval to the resolution plan of Piramal Group in relation to the CIRP (Corporate Insolvency Resolution Process) of DHFL. In value terms, the transaction is among t...
Piramal pays consideration for acquisition and merger of DHFL
Piramal pays consideration for acquisition and merger of DHFL
Source: IANS
29/09/2021 2:43:45 PM
Hold Piramal Enterprises Ltd : Near term notable triggers priced in; optional value co-exists with risks - ICICI Securities Hold Piramal Enterprises Ltd For Target Rs.2,797 Near term notable triggers priced in; optional value co-exists with risks Piramal Enterprises’ (PEL) Q1FY22 performance surprised positively on stable stress pool (stage-2/3 and restructuring pool) despite challenging environment. No further credit provisioning was required (for fifth consecutive quarter) after creating buffer in Q4FY20. The strategy of rationalising wholesale exposure (down 4% QoQ) and ramping up secured mass retai...
Hold Piramal Enterprises Ltd : Near term notable triggers priced in; optional value co-exists with risks - ICICI Securities
Hold Piramal Enterprises Ltd : Near term notable triggers priced in; optional value co-exists with risks - ICICI Securities
Source: ICICI Securities
29/09/2021 9:37:26 AM
Buy Piramal Enterprises Ltd For Target Rs.3,100 - Motilal Oswal Robust Pharma performance; Stable quarter for FS business * Piramal Enterprises (PIEL) reported consolidated PAT of INR5.3b (up 8% YoY), despite consolidated revenues coming in flat YoY. However, it was aided by interest expenses, which declined ~11% YoY – on the back of meaningful decline in debt on the balance sheet and progressively lower cost of borrowings. * In 1QFY22, Financial Services (FS) was characterized by a continuing and intended run-down in the wholesale lending boo...
Buy Piramal Enterprises Ltd For Target Rs.3,100 - Motilal Oswal
Buy Piramal Enterprises Ltd For Target Rs.3,100 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
10/09/2021 12:04:56 PM
Key News - Cairn Energy, Videocon Industries Ltd, TVS Motor Company Ltd, Embassy Office Parks, Piramal Enterprises Ltd By ARETE Securities Key News Cairn Energy to drop cases against India, accepts $1-billion offer Cairn Energy Plc on Tuesday said it was ready to withdraw all cases it had slapped against the Indian government for enforcing a $1.2-billion arbitration award the company had won in December 2020. This is part of the settlement under recent legislation by Parliament. Also, Vedanta, which had bought Cairn Energy’s erstwhile subsidiary Cairn India in 2011, is likely to withdraw arbitration it had filed in ...
Key News - Cairn Energy, Videocon Industries Ltd, TVS Motor Company Ltd, Embassy Office Parks, Piramal Enterprises Ltd By ARETE Securities
Key News - Cairn Energy, Videocon Industries Ltd, TVS Motor Company Ltd, Embassy Office Parks, Piramal Enterprises Ltd By ARETE Securities
Source: ARETE Securities Ltd
8/09/2021 9:35:48 AM
Buy Piramal Enterprises Ltd Target Rs. 2750 - Religare Broking Derivative Ideas  PEL FUTS added around 11% in open interest as LONG buildup was seen in it. Current chart pattern also indicates further up move in its price. We suggest buying in PEL as per below levels. Strategy:- BUY PEL BETWEEN 2640-2650 STOPLOSS 2600 TARGET 2750.   To Read Complete Report & Disclaimer Click Here   lease refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ000174330   Abo...
Buy Piramal Enterprises Ltd Target Rs. 2750 - Religare Broking
Buy Piramal Enterprises Ltd Target Rs. 2750 - Religare Broking
Source: Religare Broking Ltd
9/08/2021 11:21:03 AM
Weekly Tech Picks - Larsen & Toubro Infotech Limited, Adani Enterprises Limited, Solara Active Pharma Sciences Limited, Piramal Enterprises Limited By Axis Securities Larsen & Toubro Infotech Limited * On the weekly chart, the stock has witnessed 6-8 months “Consolidation Range” breakout at 4500 levels. * The stock is well placed above its 20 and 50-day SMA’s which reconfirm bullish sentiments * Rising volumes at breakout zone signals increased participation on 06 August, 2021 *Holding period is 3 to 4 weeks. correction * The stock is in strong up trend across all the time frames forming a series of higher tops and bottoms...
Weekly Tech Picks - Larsen & Toubro Infotech Limited, Adani Enterprises Limited, Solara Active Pharma Sciences Limited, Piramal Enterprises Limited By Axis Securities
Weekly Tech Picks - Larsen & Toubro Infotech Limited, Adani Enterprises Limited, Solara Active Pharma Sciences Limited, Piramal Enterprises Limited By Axis Securities
Source: Axis Securities Ltd
8/08/2021 5:04:28 PM