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Piramal Enterprises Gains 4%; BSE HEALTHCARE Index Up 0.1%
Mon, 29 Jul 14:43

Piramal Enterprises Gains 4%; BSE HEALTHCARE Index Up 0.1%Image source: Sakorn BernardaSv/www.istockphoto.com

Piramal Enterprises share price has zoomed 4% and is presently trading at Rs 1,029.9.

Meanwhile, the BSE HEALTHCARE index is at 40,224.5 (up 0.1%).

Among the top gainers in the BSE HEALTHCARE index today are FDC (up 5.8%) and ERIS LIFESCIENCES (up 2.8%).

AARTI DRUGS (down 3.9%) and SUVEN PHARMACEUTICALS (down 3.6%) are among the top losers today.

Over the last one year, Piramal Enterprises has moved up from Rs 1,004.0 to Rs 1,029.9, registering a gain of Rs 25.9 (up 2.6%).

On the other hand, the BSE HEALTHCARE index has moved up from 26,901.6 to 40,224.5, registering a gain of 49.5% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Cadila Healthcare (up 99.2%), Lupin (up 98.2%) and Jubilant Pharmova (up 96.1%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 81,328.5 .

The top losers among the BSE Sensex today are Titan (down 2.6%) and Bharti Airtel (down 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,831.2 . Titan and Bharti Airtel are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,355.7 to 81,328.5, registering a gain of 14,972.8 points (up 22.6%).

Piramal Enterprises Financial Update...

Piramal Enterprises net profit grew 170.8% YoY to Rs 1,479 million for the quarter ended March 2024, compared to a loss of Rs 2,090 million a year ago. Net sales rose 16.0% to Rs 24,733 million during the period as against Rs 21,317 million in January-March 2023.

For the year ended March 2024, Piramal Enterprises reported 116.9% decrease in net profit to Rs -16,835 million compared to net profit of Rs 99,686 million during FY23. Revenue of the company grew 12.2% to Rs 100,203 million during FY24.

The current Price to earnings ratio of Piramal Enterprises, based on rolling 12 month earnings, stands at -12.6.


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