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Piramal Enterprises Plunges 5%; BSE HEALTHCARE Index Down 1.0%
Thu, 17 Oct 13:58

Piramal Enterprises Plunges 5%; BSE HEALTHCARE Index Down 1.0%Image source: ipopba/www.istockphoto.com

Piramal Enterprises share price has plunged 5% and is presently trading at Rs 1,046.6.

Meanwhile, the BSE HEALTHCARE index is at 44,202.0 (down 1.0%).

Among the top losers in the BSE HEALTHCARE index today are Jubilant Pharmova (down 3.2%) and LAURUS LABS (down 2.5%).

Pfizer (up 1.6%) and SUVEN PHARMACEUTICALS (up 1.3%) are among the top gainers today.

Over the last one year, Piramal Enterprises has moved down from Rs 1,056.8 to Rs 1,046.6, registering a loss of Rs 10.3 (down 1.0%).

On the other hand, the BSE HEALTHCARE index has moved up from 28,166.2 to 44,202.0, registering a gain of 56.9% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 192.9%), Glenmark Pharma (up 120.0%) and SUVEN PHARMACEUTICALS (up 115.0%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,003.6 (down 0.6%).

The top losers among the BSE Sensex today are Ultratech Cement (down 3.4%) and M&M (down 3.1%). The most traded stocks in the BSE Sensex are Tata Steel and Reliance Ind..

In the meantime, NSE Nifty is at 24,753.8 (down 0.9%). Bajaj Auto and Shriram Transport are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,166.9 to 81,003.6, registering a gain of 14,836.7 points (up 22.4%).

Piramal Enterprises Financial Update...

Piramal Enterprises net profit fell 64.3% YoY to Rs 1,739 million for the quarter ended June 2024, compared to a profit of Rs 4,877 million a year ago. Net sales declined 26.2% to Rs 21,228 million during the period as against Rs 28,780 million in April-June 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 -11.0.


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