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Add Piramal Enterprises Ltd For Target Rs. 1150 By Emkay Global Financial Services Ltd Asia Roadshow: Increased acceptance of gradual turnaround story We hosted the management of Piramal Enterprises in Singapore and Hong Kong during 27-29 Nov-2024. The roadshow saw good interest from long-only investors and hedge funds, leading to nearly a dozen-and-half meetings. Key takeaways: 1. Investors appreciated the progression toward the 3% RoA growth business (retail and Wholesale 2.0) franchise over the medium term; 2. Increased investor comfort around divestment of the legacy boo...
Add Piramal Enterprises Ltd For Target Rs. 1150 By Emkay Global Financial Services Ltd
Add Piramal Enterprises Ltd For Target Rs. 1150 By Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
2024-12-04 02:45:47 pm
Buy Piramal Pharma Ltd For Target Rs. 310 By Motilal Oswal Financial Services Ltd Operating performance above est.; FY25 guidance intact * Piramal Pharma (PIRPHARM) delivered better-than-expected operational performance in 2QFY25 fueled by superior traction in the CDMO segment (59% of sales). Following earnings deterioration in FY23/FY24, PIRPHARM is exhibiting healthy recovery in 1HFY25. Considering the advancement in clinical development of certain CDMO projects, the company is investing USD80m to double its sterile fill-finish capacities at the Lexington site. * ...
Buy Piramal Pharma Ltd For Target Rs. 310 By Motilal Oswal Financial Services Ltd
Buy Piramal Pharma Ltd For Target Rs. 310 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-10-30 02:42:42 pm
Stock of the day : Piramal Enterprises Ltd For Target Rs. 1147 - Religare Broking Piramal Enterprises Ltd * The technical setup suggests PEL is in a consistent and steady uptrend. * In multiple instances, stock has bounced from its rising trend line support zones. * Also, stock is above its medium and long-term moving averages, keeping positive bias intact. * Expect the trend to continue with further buying triggers that could lead stock to new highs. * Traders are recommended to keep up the positive tone and accumulate in the mentio...
Stock of the day : Piramal Enterprises Ltd For Target Rs. 1147 - Religare Broking
Stock of the day : Piramal Enterprises Ltd For Target Rs. 1147 - Religare Broking
Source: Religare Broking Ltd
2024-10-29 10:37:13 am
Neutral Piramal Enterprises Ltd For Target Rs. 1,000 By Motilal Oswal Financial Services Ltd Making efforts to strengthen retail and rundown legacy wholesale We hosted the senior management team of Piramal Enterprises (PIEL), represented by Mr. Jairam Sridharan, MD, PCHFL, for investor meetings in Mumbai. Here are the key highlights from investor engagements: * PIEL is committed to reducing its legacy AUM from ~INR130b as of Jun’24 to ~INR60-70b by Mar’25 and expects (not guidance) that a ~25% haircut could be required to run down the residual stressed legacy book. ...
Neutral Piramal Enterprises Ltd For Target Rs. 1,000 By Motilal Oswal Financial Services Ltd
Neutral Piramal Enterprises Ltd For Target Rs. 1,000 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-09-22 06:18:01 pm
Piramal Enterprises gains after its arm partners with CSCs Piramal Enterprises is currently trading at Rs. 1095.80, up by 5.30 points or 0.49% from its previous closing of Rs. 1090.50 on the BSE. The scrip opened at Rs. 1095.35 and has touched a high and low of Rs. 1105.00 and Rs. 1082.15 respectively. So far 11569 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1143.00 on 16-Sep-2024 and a 52 week low of Rs. 736.60 on 04-Jun-2024. Last one week high and low of the scri...
Piramal Enterprises gains after its arm partners with CSCs
Piramal Enterprises gains after its arm partners with CSCs
Source: Accord Fintech
2024-09-18 01:48:32 pm
Neutral Piramal Enterprises Ltd Target Rs. 950 By Motilal Oswal Financial Services Ltd Strong retail loan growth; legacy book will be aggressively run down * PIEL reported 1QFY25 net profit of ~INR1.8b (PQ: ~INR1.4b). This included an exceptional gain of ~INR1b from recoveries in AIF portfolio. Reported PAT in 4QFY24 included provision write-back on AIF investments of INR11.4b and stake sale in Shriram Investment Holding, resulting in gain of INR8.7b. * NII rose 6% YoY and 2% QoQ to ~INR7.2b. PPOP at ~INR2.4b declined ~76% YoY. Total AUM grew 10% YoY and declined 2% QoQ. ...
Neutral Piramal Enterprises Ltd Target Rs. 950 By Motilal Oswal Financial Services Ltd
Neutral Piramal Enterprises Ltd Target Rs. 950 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-08-25 10:51:07 am
ADD Piramal Enterprises Ltd. For Target Rs. 1,000 - Emkay Global Financial Services Past good, bad and ugly overshadows present progress Akin to previous 3Qtrs, Q4 for PIEL was about multiple positive & negative oneoffs seen in the past. PIEL’s growth business (Retail and Wholesale 2.0) made good progress, and plan to convert PCHL into an NBFC-ICC and then merging the parent in PCHL and renaming it ‘Piramal Finance (PFL)’ addresses RBI/NHB compliance needs, paving way for the LT. However, this was overshadowed by one-offs such as reversal of AIF prov...
ADD Piramal Enterprises Ltd. For Target Rs. 1,000 - Emkay Global Financial Services
ADD Piramal Enterprises Ltd. For Target Rs. 1,000 - Emkay Global Financial Services
Source: Emkay Global Financial Services
2024-06-27 05:55:08 pm
Neutral Piramal Enterprises Ltd. For Target Rs. 925 - Motilal Oswal Financial Services More stress ahead from rundown of legacy AUM; downgrade to Neutral 4QFY24 credit costs of ~INR33.5b from rundown of wholesale 1.0 * PIEL reported 4QFY24 net profit of ~INR1.37b (loss of ~INR23.8b in 3QFY24). Reported PAT included net provision write-back on AIF investments of INR11.4b and stake sale in Shriram Investment Holdings resulting in one-off gain of INR8.7b. FY24 loss after tax stood at ~INR16.8b, impacted by net AIF provision of INR24.7b. * NII declined 18% YoY and 10% QoQ ...
Neutral Piramal Enterprises Ltd. For Target Rs. 925 - Motilal Oswal Financial Services
Neutral Piramal Enterprises Ltd. For Target Rs. 925 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-06-21 03:08:57 pm
Buy Piramal Pharma Ltd. For Target Rs.180 By Choice Broking Ltd Piramal Pharma(PIRPHARM) reported performance in Q4FY24 was below our estimate due to a higher tax rate, whereas the revenue was in line with expectations. Revenue stood at INR 25,524mn (+18% YoY and +30% QoQ) majorly driven by the CDMO business which saw a growth of 28.3% YoY and 45.4% QoQ, due to continued growth momentum in new orders, especially for commercial manufacturing of on-patent molecules and CHG business which saw good volume growth in the Inhalation Anesthesia portfolio in the U...
Buy Piramal Pharma Ltd. For Target Rs.180 By Choice Broking Ltd
Buy Piramal Pharma Ltd. For Target Rs.180 By Choice Broking Ltd
Source: Choice Broking
2024-05-19 10:46:36 am
Piramal Enterprises falls despite turning black in Q4 Piramal Enterprises is currently trading at Rs. 833.45, down by 61.50 points or 6.87% from its previous closing of Rs. 894.95 on the BSE. The scrip opened at Rs. 873.90 and has touched a high and low of Rs. 873.90 and Rs. 830.10 respectively. So far 127078 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1140.00 on 11-Sep-2023 and a 52 week low of Rs. 721.65 on 15-May-2023. Last one week high and low of the scrip...
Piramal Enterprises falls despite turning black in Q4
Piramal Enterprises falls despite turning black in Q4
Source: Accord Fintech
2024-05-09 02:03:37 pm
Buy Piramal Enterprises Ltd For Target Rs.1,100 - Motilal Oswal Financial Services Ltd Strong retail momentum; legacy book continues to run down Retail AUM grew 54% YoY with retail mix improving to ~64% * PIEL reported 3QFY24 net loss of ~INR23.8b (vs. ~INR482m profit in 2Q). Reported PAT included provisions of ~INR35.4b on AIFs. The management exuded confidence in the full recovery of its AIF investments. * Normalized PAT (excluding exceptional and one-off items was flat QoQ at ~INR1.2b. PPOP (excl. dividend income and one-offs) grew ~30% QoQ to ~INR2.6b. Opex/AUM re...
Buy Piramal Enterprises Ltd For Target Rs.1,100 - Motilal Oswal Financial Services Ltd
Buy Piramal Enterprises Ltd For Target Rs.1,100 - Motilal Oswal Financial Services Ltd
Source: motilal oswal financial services Ltd
2024-04-27 12:49:44 pm
Buy Piramal Enterprises Ltd. For Target Rs.1,100 By Motilal Oswal Financial Services Ltd -      PIEL reported 3QFY24 net loss of ~INR23.8b (vs. ~INR482m profit in 2Q). Reported PAT included provisions of ~INR35.4b on AIFs. The management exuded confidence in the full recovery of its AIF investments. -      Normalized PAT (excluding exceptional and one-off items was flat QoQ at ~INR1.2b. PPOP (excl. dividend income and one-offs) grew ~30% QoQ to ~INR2.6b. Opex/AUM remained broadly stable at ~3....
Buy Piramal Enterprises Ltd. For Target Rs.1,100 By Motilal Oswal Financial Services Ltd
Buy Piramal Enterprises Ltd. For Target Rs.1,100 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-04-21 11:19:52 am
Buy Piramal Enterprises Ltd. For Target Rs.1,250 By JM Financial Services Soft quarter; one-off erodes profit In 3Q24, PEL reported a loss of INR -23.8bn (incl. associates income of INR730mn) leading to miss on our estimates at INR 2.2bn largely driven by chunky provisions for AIF investments (INR 26.7bn- post tax). However, there was a beat on PPOP at INR 3.9bn (+53% QoQ, +40% vs JMFe) driven by healthy NII growth (+11% QoQ/ -20% YoY), sharp increase in other income (one-off pertaining to interest income from income-tax refund of INR 640mn) and lower opex (+5% ...
Buy Piramal Enterprises Ltd. For Target Rs.1,250 By JM Financial Services
Buy Piramal Enterprises Ltd. For Target Rs.1,250 By JM Financial Services
Source: JM Financial Services
2024-04-02 12:51:37 pm
Stock of the day : Piramal Enterprises Ltd For Target Rs. 1025 - Religare Broking Piramal Enterprises Ltd * PEL has been underperforming for over 5 months but now technically it is showing some sign of reversal. * It has registered a breakout from multi week consolidation pattern with decent volumes. * It has witnessed a breakout from squeeze Bollinger bands indicates volatility likely to expand on higher side. * We thus recommend creating fresh longs in the mentioned range. Buy Piramal Enterprises Ltd CMP 968.00; Range 966-970; SL 940; Target ...
Stock of the day : Piramal Enterprises Ltd For Target Rs. 1025 - Religare Broking
Stock of the day : Piramal Enterprises Ltd For Target Rs. 1025 - Religare Broking
Source: Religare Broking Ltd
2024-03-05 10:53:59 am
Piramal Enterprises moves up on raising Rs 150 crore via NCDs Piramal Enterprises is currently trading at Rs. 922.05, up by 7.35 points or 0.80% from its previous closing of Rs. 914.70 on the BSE. The scrip opened at Rs. 915.00 and has touched a high and low of Rs. 929.35 and Rs. 915.00 respectively. So far 8767 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1140.00 on 11-Sep-2023 and a 52 week low of Rs. 630.20 on 28-Mar-2023. Last one week high and low of the scrip stoo...
Piramal Enterprises moves up on raising Rs 150 crore via NCDs
Piramal Enterprises moves up on raising Rs 150 crore via NCDs
Source: Accord Fintech
2024-03-01 10:32:50 am
India`s Piramal Enterprises swings to loss in Q3 India's Piramal Enterprises on Monday swung to a net loss in the fiscal third quarter as it set aside more capital as provisions for its exposure to alternate investment funds. Consolidated net loss stood at 23.78 billion rupees ($286.11 million) in the October-December period, compared to a profit of 35.45 billion rupees a year earlier. ($1 = 83.1160 Indian rupees)
India`s Piramal Enterprises swings to loss in Q3
India`s Piramal Enterprises swings to loss in Q3
Source: Reuters
2024-01-29 04:24:39 pm
Piramal Enterprises to sell entire stake in Shriram Investment for Rs 1,440 crore  Piramal Enterprises has entered into share purchase agreement to sell its entire direct investment of 20 per cent of the fully paid-up equity share capital held in Shriram Investment Holdings Private Limited (formerly known as Shriram Investment Holdings Limited) (SIHPL) to Shriram Ownership Trust (SOT), for a consideration of Rs 1,440 crore. The Transaction is subject to receipt of requisite regulatory approvals by SOT and expected to be completed prior to March 31, 2024. The con...
Piramal Enterprises to sell entire stake in Shriram Investment for Rs 1,440 crore
Piramal Enterprises to sell entire stake in Shriram Investment for Rs 1,440 crore
Source: IANS
2024-01-29 10:23:30 am
Piramal Enterprises rises as its arm to acquire 10.39% stake in Annapurna Finance Piramal Enterprises is currently trading at Rs. 886.10, up by 18.90 points or 2.18% from its previous closing of Rs. 867.20 on the BSE. The scrip opened at Rs. 870.80 and has touched a high and low of Rs. 887.95 and Rs. 870.80 respectively. So far 4582 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1140.00 on 11-Sep-2023 and a 52 week low of Rs. 630.20 on 28-Mar-2023. Last one week high and low of the scrip sto...
Piramal Enterprises rises as its arm to acquire 10.39% stake in Annapurna Finance
Piramal Enterprises rises as its arm to acquire 10.39% stake in Annapurna Finance
Source: Accord Fintech
2024-01-25 10:24:10 am
India`s Piramal to provision for AIF exposure as cenbank tightens rules India's Piramal Enterprises said on Thursday that it will set aside provisions for certain exposures to investments in alternate investment fund (AIF) units, two days after the country's central bank tightened rules governing such holdings. The Reserve Bank on India (RBI) on Tuesday barred all entities under its regulation, including banks and non-banking finance companies, from investing in alternate investment funds that have investments in borrowers in the past 12 months. As ...
India`s Piramal to provision for AIF exposure as cenbank tightens rules
India`s Piramal to provision for AIF exposure as cenbank tightens rules
Source: Reuters
2023-12-21 12:07:56 pm
Buy Piramal Enterprises Ltd For Target Rs. 1,180 - Emkay Global Financial Services This is the first note in our new series Corner Office View, which offers interviews/meeting notes with CEOs, founders, and leaders of our coverage companies. We will bring you curated views from companies across multiple sectors. We recently met Jairam Sridharan, MD - Piramal Capital & Housing Finance, for an update on the developments in the company as well as in the NBFC sector amid the recent regulatory changes by the RBI in unsecured retail lending. Key views: i) The branch-led retai...
Buy Piramal Enterprises Ltd For Target Rs. 1,180 - Emkay Global Financial Services
Buy Piramal Enterprises Ltd For Target Rs. 1,180 - Emkay Global Financial Services
Source: Emkay Global Financial Services
2023-12-12 03:40:08 pm
Buy Piramal Enterprises Ltd For Target Rs. 1,180 - Emkay Global Financial Services PIEL’s Q2FY24 performance was a mixed bag, with continued headway in the accelerated rundown of Wholesale 1.0, sustained growth in retail and the granular Wholesale 2.0 AUM, and stable net credit cost (~1.2%), which mark material progress towards the stated objective of medium-term growth and profitability. However, the non-interest bearing assets driving lower yields overall, sticky Opex, and a one-off (Rs0.64bn loss on account of refund to the India Domestic REIT PMS investors) drove ...
Buy Piramal Enterprises Ltd For Target Rs. 1,180 - Emkay Global Financial Services
Buy Piramal Enterprises Ltd For Target Rs. 1,180 - Emkay Global Financial Services
Source: Emkay Global Financial Services
2023-11-24 11:47:39 am
Buy Piramal Enterprises Ltd For Target Rs.1250 - JM Financial Institutional Securities Ltd Piramal Enterprise Ltd (PEL) is transforming itself into a retail-led franchise by changing its portfolio mix and running down its wholesale 1.0 book. PEL, like other NBFCs, has weathered multiple storms over the past few years (NBFC-liquidity crisis post IL&FS in 2018, Covid-19). It has since decided to pursue diversified growth in its wholesale 2.0 book (wholesale 2.0 are loans sanctioned post FY22), which is granular, has lower concentration risk and takes on calibrated risks. PEL has ...
Buy Piramal Enterprises Ltd For Target Rs.1250 - JM Financial Institutional Securities Ltd
Buy Piramal Enterprises Ltd For Target Rs.1250 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
2023-10-30 12:29:06 pm
Buy Piramal Enterprises Ltd For Target Rs.1,250 - JM Financial Phoenix rising; retail-led transformation underway Piramal Enterprise Ltd (PEL) is transforming itself into a retail-led franchise by changing its portfolio mix and running down its wholesale 1.0 book. PEL, like other NBFCs, has weathered multiple storms over the past few years (NBFC-liquidity crisis post IL&FS in 2018, Covid-19). It has since decided to pursue diversified growth in its wholesale 2.0 book (wholesale 2.0 are loans sanctioned post FY22), which is granular, has lower conc...
Buy Piramal Enterprises Ltd For Target Rs.1,250 - JM Financial
Buy Piramal Enterprises Ltd For Target Rs.1,250 - JM Financial
Source: JM Financial Institutional Securities Ltd
2023-10-29 11:04:54 am
Piramal Enterprises shines on getting nod to raise upto Rs 800 crore through NCDs Piramal Enterprises is currently trading at Rs. 988.20, up by 20.50 points or 2.11% from its previous closing of Rs. 971.15 on the BSE.The scrip opened at Rs. 980.00 and has touched a high and low of Rs. 992.00 and Rs. 975.95 respectively. So far 6521 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1140.00 on 11-Sep-2023 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. 1058.05 an...
Piramal Enterprises shines on getting nod to raise upto Rs 800 crore through NCDs
Piramal Enterprises shines on getting nod to raise upto Rs 800 crore through NCDs
Source: Accord Fintech
2023-10-25 10:03:55 am
Piramal Enterprises Limited`s NCD Tranche I Issue to open on October 19, 2023, Coupon rate up to 9.35% p.a. Piramal Enterprises Limited, is a non-deposit taking, RBI registered systemically important NBFC, engaged in providing wholesale and retail lending, has filed Tranche I prospectus dated October 16, 2023 to be read with the Shelf Prospectus dated October 16, 2023 (?Shelf Prospectus? together with the Tranche I Prospectus referred as the ?Prospectus?) for public issue of secured, rated, listed, redeemable, non-convertible debentures of the face value of  ? 1,000 each. T...
Piramal Enterprises Limited`s NCD Tranche I Issue to open on October 19, 2023, Coupon rate up to 9.35% p.a.
Piramal Enterprises Limited`s NCD Tranche I Issue to open on October 19, 2023, Coupon rate up to 9.35% p.a.
Source: PR Agency
2023-10-18 03:21:19 pm