PIRAMAL ENTERPRISES Share Price Up by 5%; BSE HEALTHCARE Index Up 1.8%

Tue, 2 Feb 01:45 PM

PIRAMAL ENTERPRISES share price has zoomed 5% and is presently trading at Rs 1,476.

Meanwhile, the BSE HEALTHCARE Index is at 21,065 (up 1.8%).

Among the top Gainers in the BSE HEALTHCARE Index today are PIRAMAL ENTERPRISES (up 5.1%) and STRIDES PHARMA SCIENCE (up 11.6%).

SHILPA MEDICARE (down 0.1%) and SANOFI INDIA (down 0.1%) are among the top losers today.

Over the last one year, PIRAMAL ENTERPRISES has moved down from Rs 1,702 to Rs 1,476, registering a loss of Rs 226 (down 13.3%).

On the other hand, the BSE HEALTHCARE has moved up from 14,290 to 21,065, registering a gain of 6,775 points (up 47.3%) during the last 12 months.

The top buzzing stocks among the BSE HEALTHCARE Index stocks during this same period were LAURUS LABS (up 297.7%), GRANULES INDIA (up 113.7%) and J.B.CHEMICALS (up 101.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 50,154 (up 2.4%).

The top gainers among the BSE Sensex stocks today are ULTRATECH CEMENT (up 7.9%), HDFC BANK (up 5.8%) and HDFC (up 5.6%). Other gainers include SBI (up 5.5%) and L&T (up 4.3%). The most traded stocks in the BSE Sensex are SBI and ITC.

In the meantime, NSE Nifty is at 14,732 (up 2.5%). The top gainers in the NSE Nifty include TATA MOTORS (up 11.2%), ULTRATECH CEMENT (up 7.7%) and SHREE CEMENT (up 7.7%). Other gainers include GRASIM (up 7.0%) and HINDALCO (up 6.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 41,199 to 50,154, registering a gain of 8,955 points (up 20.75%).

PIRAMAL ENTERPRISES Financial Update...

PIRAMAL ENTERPRISES net profit down at Rs 6 billion for the quarter ended September 2020, compared to a loss of Rs 6 billion a year ago. Net Sales declined 13.2% to Rs 33.0 billion during the period as against Rs 38.1 billion in July-September 2019.

For the year ended March 2019, PIRAMAL ENTERPRISES reported 76.2% decrease in net profit to Rs 11.5 billion compared to net profit of Rs 48.4 billion during FY18.

Revenue of the company grew 24.2% to Rs 132 billion during FY19.

The current Price to earnings ratio of PIRAMAL ENTERPRISES, based on rolling 12 month earnings, stands at down 29.6x.

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