Piramal Enterprises spurts over 36% in three days
Piramal Enterprises surged 4.39% to Rs 855.10 after CARE Ratings affirmed CARE AA (outlook stable) credit rating for the additional non-convertible debentures issuance of up to Rs 1,000 crore by the company.
Shares of Piramal Enterprises extended gains for third day today. In three sessions, the stock has added 36.88% from its recent closing low of Rs 624.70 recorded on 24 March 2020.
On a consolidated basis, the company's net profit jumped 20.3% to Rs 724.95 crore on a 9.1% rise in net sales to Rs 3805.67 crore in Q3 December 2019 over Q3 December 2018.
Piramal Enterprises is one of India's largest diversified companies, with a presence in financial services, pharmaceuticals and healthcare insights & analytics.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Mar 27 2020 | 12:40 PM IST