Buy Piramal Enterprises, target Rs 2,350: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Piramal Enterprises Ltd. with a target price of Rs 2350. The current market price of Piramal Enterprises Ltd. is Rs 2240.15. Time period given by the analyst is Intra Day when Piramal Enterprises Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 2180. Piramal Enterprises Ltd., incorporated in 1947, is a largecap company with a market cap of Rs 41227.76 crore.

Piramal Enterprises Ltd. key Products/Revenue Segments include Pharmaceuticals which contributed Rs 1738.64 Crore to Sales Value (52.73 % of Total Sales), Interest which contributed Rs 1103.73 Crore to Sales Value (33.47 % of Total Sales), Sale of services which contributed Rs 247.66 Crore to Sales Value (7.51 % of Total Sales), Income From Financial Services which contributed Rs 104.06 Crore to Sales Value (3.15 % of Total Sales), Dividend which contributed Rs 51.26 Crore to Sales Value (1.55 % of Total Sales), Other Operating Revenue which contributed Rs 50.43 Crore to Sales Value (1.52 % of Total Sales) and Processing Charges which contributed Rs 1.17 Crore to Sales Value (0.03 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-12-2018, the company has reported a Consolidated sales of Rs 3489.08 Crore, up 10.97 % from last quarter Sales of Rs 3144.10 Crore and up 22.07 % from last year same quarter Sales of Rs 2858.36 Crore Company has reported net profit after tax of Rs 535.64 Crore in latest quarter. The company’s top management includes Dr.R A Mashelkar, Dr.(Mrs.)Swati Piramal, Mr.Ajay Piramal, Mr.Anand Piramal, Mr.Deepak M Satwalekar, Mr.Gautam Banerjee, Mr.Keki Dadiseth, Mr.Narayanan Vaghul, Mr.S Ramadorai, Mr.Siddharth Mehta, Mr.Vijay Shah, Ms.Arundhati Bhattacharya, Ms.Nandini Piramal, Prof.Goverdhan Mehta. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 31-12-2018, the company has a total of 183,412,258 shares outstanding.