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Piramal Enterprises rallies 12% in two days; stock hits 52-week high

The Mumbai bench of the NCLT has approved the Piramal Group's resolution plan for DHFL

Piramal Enterprises
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SI Reporter Mumbai
Shares of Piramal Enterprises were trading higher for the second straight day, up 7 per cent at Rs 2,053.70 on the BSE in intra-day trade on Monday. According to a Business Standard report, the Mumbai bench of the National Company Law Tribunal (NCLT) has approved the Piramal Group’s resolution plan for Dewan Housing Finance Limited (DHFL). The order is subject to the outcome of the appeal in the appellate tribunal and the Supreme Court.

The stock hit a 52-week high and surpassed its previous high of Rs 2,008.20, touched on March 3, 2021. In the past two days, the