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Piramal Enterprises Plunges 4%; BSE HEALTHCARE Index Up 0.3%
Thu, 24 Oct 9:47

Piramal Enterprises Plunges 4%; BSE HEALTHCARE Index Up 0.3%Image source: Kameleon007 /www.istockphoto.com

Piramal Enterprises share price has plunged 4% and is presently trading at Rs 999.0.

Meanwhile, the BSE HEALTHCARE index is at 42,817.6 (up 0.3%).

Among the top losers in the BSE HEALTHCARE index today are DR. LAL PATHLABS (down 3.0%) and MAX HEALTHCARE INSTITUTE (down 1.2%).

ASTER DM HEALTHCARE (up 12.2%) and SYNGENE INTERNATIONAL (up 3.6%) are among the top gainers today.

Over the last one year, Piramal Enterprises has moved up from Rs 971.2 to Rs 999.0, registering a gain of Rs 27.9 (up 2.9%).

On the other hand, the BSE HEALTHCARE index has moved up from 27,503.7 to 42,817.6, registering a gain of 55.7% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 213.7%), Glenmark Pharma (up 121.2%) and SUVEN PHARMACEUTICALS (up 119.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,861.8 (down 0.3%).

The top losers among the BSE Sensex today are Hindustan Unilever (down 5.4%) and Nestle (down 1.6%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,362.2 (down 0.3%). Hindustan Unilever and Hindalco are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 79,861.8, registering a gain of 15,289.9 points (up 23.7%).

Piramal Enterprises Financial Update...

Piramal Enterprises net profit grew 672.3% YoY to Rs 1,287 million for the quarter ended September 2024, compared to a loss of Rs 225 million a year ago. Net sales rose 4.3% to Rs 22,880 million during the period as against Rs 21,934 million in July-September 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 -11.3.


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