Piramal Ent. shares gain 1.83% as Sensex rises


Shares of Piramal Enterprises Ltd. traded 1.83 per cent up at Rs 2264.2 at 12:22PM (IST) on Tuesday, even as BSE benchmark Sensex gained 209.31 points to 57376.05. The scrip had settled at Rs 2223.6 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 3013.0 and Rs 1612.0, respectively.

As per BSE data, total traded volume on the counter till 12:22PM (IST) stood at 12:22PM shares with turnover at Rs 1.65 crore.

At the current price, shares of the company trades at 43.49 times its trailing 12-month EPS of Rs 52.06 per share and 1.22 times its price-to-book value, BSE data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.96.

Shareholding Details

Promoters held 43.49 per cent stake in the company as of 31-Dec-2021, while FIIs owned 35.31 per cent and DIIs 8.19 per cent.

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