Buy Piramal Enterprises, target Rs 3,000: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Piramal Enterprises Ltd. with a target price of Rs 3000. The current market price of Piramal Enterprises Ltd. is Rs 2799.8 Time period given by the analyst is Intra Day when Piramal Enterprises Ltd. price can reach defined target. Dr CK Narayan recommended to keep stoploss at Rs 2600. Piramal Enterprises Ltd., incorporated in 1947, is a largecap company with a market cap of Rs 50562.29 crore.

Piramal Enterprises Ltd. key Products/Revenue Segments include Pharmaceuticals which contributed Rs 1875.78 Crore to Sales Value (49.24 % of Total Sales), Interest which contributed Rs 1483.56 Crore to Sales Value (38.94 % of Total Sales), Sale of services which contributed Rs 205.04 Crore to Sales Value (5.38 % of Total Sales), Income From Financial Services which contributed Rs 146.91 Crore to Sales Value (3.85 % of Total Sales), Other Operating Revenue which contributed Rs 54.37 Crore to Sales Value (1.42 % of Total Sales), Dividend which contributed Rs 40.77 Crore to Sales Value (1.07 % of Total Sales), Processing Charges which contributed Rs 2.88 Crore to Sales Value (0.07 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2018, the company has reported a Consolidated sales of Rs 2902.49 Crore, down -2.96 % from last quarter Sales of Rs 2991.06 Crore and up 29.24 % from last year same quarter Sales of Rs 2245.75 Crore Company has reported net profit after tax of Rs -130.04 Crore in latest quarter. The company’s top management includes Dr.Raghunath 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 (Bobby) Mehta, Mr.Vijay Shah, Ms.Nandini Piramal, Prof.Goverdhan Mehta. Company has Price Waterhouse as its auditoRs As on 30-06-2018, the company has a total of 180,592,514 shares outstanding.