Buy Piramal Enterprises, target price Rs 1250: JM Financial

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

By ETMarkets.com | Oct 25, 2023, 10.28 AM IST

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.

JM Financial has buy call on Piramal Enterprises Ltd. with a target price of Rs 1250. The current market price of Piramal Enterprises Ltd. is Rs 988.

Piramal Enterprises Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 22183.29 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 30-06-2023, the company reported a Consolidated Total Income of Rs 2919.79 Crore, up 36.25 % from last quarter Total Income of Rs 2143.02 Crore and up 37.68 % from last year same quarter Total Income of Rs 2120.76 Crore. Company reported net profit after tax of Rs 487.72 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.

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