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Piramal Enterprises Gains 4%; BSE HEALTHCARE Index Up 0.6%
Mon, 19 Aug 14:40

Piramal Enterprises Gains 4%; BSE HEALTHCARE Index Up 0.6%Image source: alexsl/www.istockphoto.com

Piramal Enterprises share price has zoomed 4% and is presently trading at Rs 983.0.

Meanwhile, the BSE HEALTHCARE index is at 41,394.2 (up 0.6%).

Among the top gainers in the BSE HEALTHCARE index today are CAPLIN POINT (up 12.5%) and POLY MEDICURE (up 9.2%).

SUVEN PHARMACEUTICALS (down 2.9%) and FORTIS HEALTHCARE (down 1.9%) are among the top losers today.

Over the last one year, Piramal Enterprises has moved down from Rs 1,025.1 to Rs 983.0, registering a loss of Rs 42.1 (down 4.1%).

On the other hand, the BSE HEALTHCARE index has moved up from 27,819.2 to 41,394.2, registering a gain of 48.8% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were GRANULES INDIA (up 126.9%), Jubilant Pharmova (up 108.9%) and GSK Pharma (up 106.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,445.3 .

The top gainers among the BSE Sensex today are Tata Steel (up 2.7%) and TCS (up 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,585.5 (up 0.2%). BPCL and Hindalco are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 80,445.3, registering a gain of 15,043.4 points (up 23.0%).

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 -10.3.


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