PIRAMAL ENTERPRISES LTD
Ahead of Market: 10 things that will decide stock market action on Monday
Sensex and Nifty ended lower during Muhurat Trading on November 8, snapping a six-session winning streak. Nifty slipped below 25,000 as investors booked profits. However, broader market sentiment remained positive, with 2,716 NSE stocks advancing against 736 declines.
Quant Small Cap Fund adds Jio Platforms and 4 others; increases stake in Adani Power, 5 more
Quant Small Cap Fund added Jio Platforms, Primo Chemicals and three other stocks to its portfolio in October. The fund also increased exposure to Adani Power and LIC Housing Finance, exited five stocks and trimmed holdings in three others.
There is a wider acceptance of hybrid capital with the lack of options beyond bank lending: Bain Capital’s Sarit Chopra
Special Situations team of the Boston based PE group has deployed $1.2 bn in CY26; aims at $1 bn/yr momentum. From funding cross border M&As by India Inc to carve outs or helping promoter’s deleverage their balance sheets, new opportunities are mushrooming.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of up 32%, according to analysts
History tells us that there is no way you can time the markets or predict its movement. But one thing can certainly be said: If the macro matrix, which at this point of time is being determined by oil prices globally, stays disturbed, the bears will rule the street for some more time.
Stocks in news: Vedanta, HDFC Bank, ICICI Bank, Axis Bank, HFCL, IREDA, Zen Tech and Oil India
Indian equities turned around as information technology stocks attracted sustained buying interest. Strong quarterly earnings reports enhanced investor confidence in the market, with the Nifty 50 index achieving a closing point of 23,146, representing a 0.65% rise. Prominent companies like HDFC Bank and ICICI Bank shared their quarterly outcomes, showcasing improved asset quality. Investors are anticipated to keep an eye on upcoming corporate announcements which may guide market trends.
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Swara Baby gets Sebi nod for Rs 1,000 crore IPO as hygiene products maker eyes expansion
Swara Baby Products has received approval from Sebi to proceed with its Rs 1,000 crore IPO. The IPO includes a fresh issue of equity shares and an offer for sale by promoters. Proceeds will be used for expanding a manufacturing facility and repaying borrowings among other corporate purposes. Founded in 2018, Swara Baby manufactures a range of disposable hygiene products for different consumer needs.
Piramal Enterprises sets record date for merger; shareholders to get Piramal Finance shares
Piramal Enterprises Ltd (PEL) will merge with Piramal Finance Ltd (PFL), with September 23 as the record date. PEL shareholders will receive PFL shares on a 1:1 basis, and PEL shares will cease trading from the record date. The merger consolidates the group’s financial services operations under PFL, aligning with RBI regulations and enabling operational efficiencies, broader product offerings, and improved shareholder value.
Piramal Enterprises Q4 Results: Profit falls 25% even as AUM surges 17%
Piramal Enterprises experienced a 25% drop in net profit for the March quarter, despite a 17% rise in assets under management. The profit stood at Rs102 crore, impacted by the previous year's one-off gain from Shriram Finance. Looking ahead, the company targets 25% AUM growth in FY26, aiming for retail assets to constitute 80-85% of the portfolio.
Add Piramal Enterprises, target price Rs 1000: Emkay Global
Piramal Enterprises Ltd. key Products/Revenue Segments include Other Operating Revenue, Interest, Dividend, Income From Financial Services for the year ending 31-Mar-2023.
Provisions for AIF rules drags PEL to a loss in Q3
The company made a Rs 3540 crore provision on its AIF investments registering a loss of Rs 2378 crore in December 2023 from a profit of Rs 3545 crore in the previous year despite healthy growth in its loan book.
Buy Piramal Enterprises, target price Rs 1020: Prabhudas Lilladher
Piramal Enterprises Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 20493.82 Crore) operating in Diversified sector.
Piramal Enterprises to make provisions for Rs 3,164 cr AIF exposure as RBI tightens rules
Piramal Enterprises has announced a provision of over Rs 3,000 crore for its investments in alternative investment funds (AIFs) linked to companies with lending exposures. This move is expected to impact the company's earnings for FY24, with analysts predicting a loss exceeding Rs 2,200 crore.
Buy Piramal Enterprises, target price Rs 1250: JM Financial
Piramal Enterprises Ltd. key Products/Revenue Segments include Other Operating Revenue, Interest, Dividend, Income From Financial Services for the year ending 31-Mar-2023.
Piramal Enterprises share buyback to open on August 31. Check details
The company will buy back up to 1.4 crore shares at Rs 1,250 per unit, which is at a premium of over 16% to the market price on the date of announcement
Piramal Enterprises: Bullish to sideways
The daily trend of Piramal Enterprises is bullish to sideways. RSI for monthly is showing sideways momentum, however, RSI for weekly and daily is showing bullish momentum. Based on option chain analysis, the range is between 1000 and 1100. Let’s plan a trade around this.
Piramal Enterprises shares tank 8% post Q1 results and buyback announcement
Piramal Enterprises reported a profit of INR 508.78 crore ($68.65m) in the June quarter compared to INR 8,155.47 crore ($1.1bn) in the same period last year. The earnings saw Piramal's stock plummet 8% to INR 986 in BSE trading. The firm has also revealed plans to buy back up to INR 1,750 crore ($235.7m) worth of shares at a price of INR1,250 ($16.87) per share. Piramal's stock has risen more than 20% this year.
Piramal Enterprises announces first-ever share buyback worth Rs 1,750 crore
The company will buy back up to 1,40,00,000 shares at Rs 1,250 per share. The buyback price is at a premium of more than 16% to the current market price
Choice Equity Broking has Outperform call on Piramal Enterprises; target price: Rs 1115
The brokerage has reduced its valuation multiple to 0.8x (from 0.9x) on decline in FY24E ROE due to increase in equity base on one-off gains.
Buy Piramal Enterprises, target price Rs 1150: Motilal Oswal
Piramal Enterprises Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 19391.43 Crore) operating in Diversified sector.
Buy Piramal Enterprises, target price Rs 955: Prabhudas Lilladher
Piramal Enterprises, incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 19954.67 Crore) operating in Diversified sector.
Buy Piramal Enterprises, target price Rs 1200: Emkay Global Financial Services
Piramal Enterprises, incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 21390.23 Crore) operating in Diversified sector.
Piramal Enterprises plummets 8% after Rs 1,536 crore loss in Q2 on high provisions
Piramal’s retail loan book now accounts for 43% of the overall loan book against 12% before the merger. In the wholesale lending business, Piramal said the asset recognition cycle has mostly been completed and provided for against possible credit risks.
Buy Piramal Enterprises, target price Rs 1391: ICICI Securities
Piramal Enterprises Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 25383.08 Crore) operating in Diversified sector.
Piramal Enterprises trades ex-demerger; NBFC business lists at Rs 1,050
The record date for the demerger of the pharma business from the finance business has been set as September 1 and stock traded ex-demerger on Tuesday as the markets will remain shut on Wednesday on the account Ganesh Chaturthi.
Piramal Enterprises Q1 Results: Profit down but retail growth strong
Overall the company's assets under management (AUM) grew 37% to Rs 64,590 crore led by a four times growth in retail loans to Rs 22,267 crore after it completed the Rs 34,250 crore acquisition of the Dewan Housing Finance Ltd (DHFL) last fiscal.
Pharma businesses with strong quality compliance to emerge stronger as pandemic impact decreases: Ajay Piramal
Stressing that maintaining a strong focus on quality and compliance is another important area of growing significance in the pharma sector, Piramal Enterprises Ltd Chairman Ajay G Piramal said, "As the impact of the pandemic decreases, pharma businesses that have a strong track record of quality compliance and can remain agile towards new regulatory requirements, will emerge stronger."
Piramal Enterprises Q4 Results: Firm posts profit of Rs 151 cr vs loss of Rs 510 crore
For the whole financial year 2021-22, it reported a 41 per cent jump in the net profit at around Rs 2,000 crore, it said in a release. During the year, Piramal enterprises completed its acquisition of distressed home financier – Dewan Housing Finance (DHFL).
Buy Piramal Enterprises, target price Rs 2170: Motilal Oswal
Piramal Enterprises, incorporated in the year 1947, is a large cap company with a market cap of Rs 42,468.87 Crore, operating in diversified sector.
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