Buy Piramal Enterprises, target price Rs 1020: Prabhudas Lilladher

Prabhudas Lilladher has buy call on Piramal Enterprises with a target price of Rs 1020. The current market price of Piramal Enterprises Ltd. is Rs 911.3.

Piramal Enterprises Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 20493.82 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 30-09-2023, the company reported a Consolidated Total Income of Rs 2205.21 Crore, down -24.47 % from last quarter Total Income of Rs 2919.79 Crore and up 12.73 % from last year same quarter Total Income of Rs 1956.23 Crore. Company reported net profit after tax of Rs -22.49 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 46.19 per cent stake in the company as of 30-Sep-2023, while FIIs owned 19.69 per cent, DIIs 12.06 per cent.