PIRAMAL ENTERPRISES at All Time High; BSE HEALTHCARE Index Up 0.5%

PIRAMAL ENTERPRISES share price has hit an all-time high at Rs 3,107 (up 0.8%).

Meanwhile, the BSE HEALTHCARE Index is at 15,640 (up 0.5%).

Among the top gainers in the BSE HEALTHCARE Index today are PIRAMAL ENTERPRISES (up 0.8%) and ABBOTT INDIA (up 1.3%).

AJANTA PHARMA (down 0.1%) and DR. LAL PATHLABS LTD (down 0.2%) are among the top losers today.

Over the last one year, PIRAMAL ENTERPRISES has moved up from Rs 2,673 to Rs 3,107, registering a gain of Rs 434 (up 15.5%).

The BSE HEALTHCARE has moved up from 13,296 to 15,640, registering a gain of 2,344 points (up 17.6%) during the last 12 months.

The top gainers among the BSE HEALTHCARE Index stocks during this same period were PFIZER (up 90.4%), ABBOTT INDIA (up 87.1%) and DIVIS LABORATORIES (up 86.4%).

What About the Benchmark Indices?

The BSE Sensex is at 38,892 (up 0.5%). The top gainers among the BSE Sensex stocks today are NTPC (up 1.6%), COAL INDIA (up 1.4%) and VEDANTA LTD (up 1.2%). Other gainers include BHARTI AIRTEL (up 0.9%) and KOTAK MAH. BANK (up 0.9%). The most traded stocks in the BSE Sensex are ITC LTD and ICICI BANK.

In the meantime, NSE Nifty is at 11,751 (up 0.5%). The top gainers in the NSE Nifty include NTPC (up 2.2%), GAIL (up 1.6%) and COAL INDIA (up 1.4%). Other gainers include HINDALCO (up 1.4%) and CIPLA (up 1.3%).

Over the last 12 months, the BSE Sensex has moved up from 31,751 to 38,892, registering a gain of 7,141 points (up 22.4%).

PIRAMAL ENTERPRISES Financial Update...

PIRAMAL ENTERPRISES net profit down at Rs 1 billion for the quarter ended June 2018, compared to a loss of Rs 4 billion a year ago. Net Sales rose 1.5% to Rs 29.0 billion during the period as against Rs 28.6 billion in April-June 2017.

For the year ended March 2018, PIRAMAL ENTERPRISES reported 343.2% increase in net profit to Rs 48.4 billion compared to net profit of Rs 10.9 billion during FY17.

Revenue of the company grew 24.5% to Rs 106 billion during FY18.

The current Price to earnings ratio of PIRAMAL ENTERPRISES, based on rolling 12 month earnings, stands at 12.2x.

This article was originally published in English at www.equitymaster.com

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