Piramal Enterprises Ltd extends losing spree

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Capital Market
Last Updated : Aug 26 2020 | 2:31 PM IST

Piramal Enterprises Ltd is quoting at Rs 1411, down 0.4% on the day as on 13:24 IST on the NSE. The stock tumbled 25.87% in last one year as compared to a 3.47% rally in NIFTY and a 10.2% fall in the Nifty Financial Services index.

Piramal Enterprises Ltd is down for a fifth straight session today. The stock is quoting at Rs 1411, down 0.4% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is up around 0.16% on the day, quoting at 11490.75. The Sensex is at 38856.91, up 0.03%.Piramal Enterprises Ltd has lost around 2.98% in last one month.Meanwhile, Nifty Financial Services index of which Piramal Enterprises Ltd is a constituent, has increased around 4.1% in last one month and is currently quoting at 11358.95, down 0.02% on the day. The volume in the stock stood at 7.91 lakh shares today, compared to the daily average of 15.02 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 1414.9, down 0.28% on the day. Piramal Enterprises Ltd tumbled 25.87% in last one year as compared to a 3.47% rally in NIFTY and a 10.2% fall in the Nifty Financial Services index.

The PE of the stock is 153.35 based on TTM earnings ending June 20.

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First Published: Aug 26 2020 | 1:35 PM IST

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