Trending stocks: Piramal Enterprises shares down over 1%

NEW DELHI: Shares of Piramal Enterprises Ltd. traded 1.42 per cent down in Monday's trade at 10:52AM (IST). Around 112,499 shares changed hands on the counter.

The stock opened at Rs 1357.0 and touched an intraday high and low of Rs 1363.25 and Rs 1303.0, respectively, in the session so far. Shares of the company of Piramal Enterprises Ltd. quoted a 52-week high of Rs 2049.92 and a 52-week low of Rs 608.0.

Total market cap of the Piramal Enterprises Ltd. stood at Rs 29898.49 crore at the time of writing this report.


Key Financials
The company reported consolidated sales of Rs 3341.0 crore for the quarter ended 31-Mar-2020, down 12.21 per cent from previous quarter's Rs 3805.67 crore and down 9.2 per cent from the year-ago quarter's Rs 3679.67 crore.

Shareholding pattern
As of 31-Mar-2020, DIIs held 0.35 per cent stake in the company, while foreign institutional investors held 29.45 per cent and the promoters 46.06 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 1045.4 and a price-to-book ratio of 0.98. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Piramal Enterprises Ltd. belongs to the Diversified industry.