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Piramal Enterprises dips 10%, hits 52-week low post March quarter results

The stock has fallen below its previous low of Rs 1,688, touched on May 27, 2021

Piramal Ent
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Piramal Ent

SI Reporter Mumbai
Shares of Piramal Enterprises hit a 52-week low of Rs 1,679, down 10 per cent on the BSE in Friday's intra-day trade, after the company's financial services business reported loss of Rs 321 crore in March quarter (Q4FY22) due to additional provisioning and interest reversals totaling Rs 1,037 crore. The company had posted profit after tax (PAT) of Rs 243 crore in Q4FY21.

The company said additional provisioning and interest reversal totaling Rs 1,037 crore corresponded to select wholesale non-RE accounts that moved to Stage-2.

The stock has fallen below its previous low of Rs 1,688, touched on

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First Published: May 27 2022 | 10:08 AM IST

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