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Piramal Enterprises Plunges 4%; BSE HEALTHCARE Index Down 0.0%
Thu, 8 Aug 9:27

Piramal Enterprises Plunges 4%; BSE HEALTHCARE Index Down 0.0%Image source: StarLineArts/www.istockphoto.com

Piramal Enterprises share price has plunged 4% and is presently trading at Rs 948.6.

Meanwhile, the BSE HEALTHCARE index is at 40,830.6 .

Among the top losers in the BSE HEALTHCARE index today are DR. LAL PATHLABS (down 2.7%) and GLAND PHARMA (down 1.9%).

ERIS LIFESCIENCES (up 2.4%) and FDC (up 1.9%) are among the top gainers today.

Over the last one year, Piramal Enterprises has moved down from Rs 982.5 to Rs 948.6, registering a loss of Rs 33.9 (down 3.4%).

On the other hand, the BSE HEALTHCARE index has moved up from 28,300.0 to 40,830.6, registering a gain of 44.3% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 119.0%), GSK Pharma (up 105.3%) and GRANULES INDIA (up 103.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,199.0 (down 0.3%).

The top losers among the BSE Sensex today are JSW Steel (down 1.6%) and Infosys (down 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and Nestle.

In the meantime, NSE Nifty is at 24,230.3 (down 0.3%). Shriram Transport and Infosys are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,953.5 to 79,199.0, registering a gain of 13,245.5 points (up 20.1%).

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 -11.6.


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