Add Piramal Enterprises, target price Rs 1000: Emkay Global

Emkay Global has add call on Piramal Enterprises with a target price of Rs 1000. The current market price of Piramal Enterprises is Rs 847.95.

Piramal Enterprises Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 20106.28 Crore) operating in Diversified sector.

Piramal Enterprises Ltd. key Products/Revenue Segments include Other Operating Revenue, Interest, Dividend, Income From Financial Services for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 2528.16 Crore, down -.71 % from last quarter Total Income of Rs 2546.20 Crore and up 17.97 % from last year same quarter Total Income of Rs 2143.02 Crore. Company reported net profit after tax of Rs 147.91 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 46.19 per cent stake in the company as of 31-Mar-2024, while FIIs owned 16.97 per cent, DIIs 13.19 per cent.