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Piramal Enterprises Plunges 4%; BSE HEALTHCARE Index Up 0.5%
Wed, 14 Aug 9:20

Piramal Enterprises Plunges 4%; BSE HEALTHCARE Index Up 0.5%Image source: Nikada/www.istockphoto.com

Piramal Enterprises share price has plunged 4% and is presently trading at Rs 956.4.

Meanwhile, the BSE HEALTHCARE index is at 41,236.4 (up 0.5%).

Among the top losers in the BSE HEALTHCARE index today are HIKAL CHEMIC (down 2.7%) and GSK Pharma (down 2.2%).

LAURUS LABS (up 4.6%) and ALEMBIC PHARMA (up 2.0%) are among the top gainers today.

Over the last one year, Piramal Enterprises has moved down from Rs 1,025.1 to Rs 956.4, registering a loss of Rs 68.7 (down 6.7%).

On the other hand, the BSE HEALTHCARE index has moved up from 27,819.2 to 41,236.4, registering a gain of 48.2% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were GRANULES INDIA (up 133.4%), SUVEN PHARMACEUTICALS (up 100.5%) and GSK Pharma (up 99.5%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,065.2 (up 0.1%).

The top gainers among the BSE Sensex today are Maruti Suzuki (up 1.1%) and NTPC (up 1.0%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,184.4 (up 0.2%). Hindalco and Cipla are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 79,065.2, registering a gain of 13,663.3 points (up 20.9%).

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 -10.0.


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