Piramal Ent. shares down 2.44% as Nifty falls

The stock quoted a 52-week high price of Rs 3013.0 and low of Rs 844.8.

As of 01:59PM (IST), the counter saw total traded volume of 64,356 shares with a traded value of Rs 5.53 crore, according to NSE.

The stock had closed at Rs 876.35 in the previous session.

The scrip has declined -56.77 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -3.28 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 10.88 while price-to-book ratio stood at 1.47. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Diversified industry.

Promoter/FII Holding
Promoters held 43.49 per cent stake in the company as of 30-Jun-2022, while FII and MF ownership in the firm stood at 34.54 per cent and 2.02 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 3726.46 crore for the quarter ended 30-Jun-2022, down 15.33 per cent from the previous quarter’s Rs 4401.03 crore and down 23.74 per cent from the year-ago quarter’s Rs 3011.6 crore. Its net profit for the latest quarter stood at Rs 496.09 crore, down 8.03 per cent from the same quarter a year ago.