Motilal Oswal is bullish on Piramal Enterprises recommended buy rating on the stock with a target price of Rs 1320 in its research report September 15, 2022.
The firm also stated that the demerged firms' performance is projected to improve over the next several years since they will be more focused and able to pursue quicker expansion.
PEL's revenue from operations in Q1 FY23 came in at Rs 3,548.37 crore, which is higher as compared to Rs 2,908.68 crore in the year-ago period.
The said license was received by the Company today i.e. July 26, 2022, the company said.
Traders with existing position should continue to ride the trend in AIA Engineering while any declines in the stock towards the supports should be used as a buying opportunity.
The company had posted a consolidated net loss of Rs 510.39 crore in the same period previous fiscal, Piramal Enterprises Ltd (PEL) said in a statement.
Piramal’s consumer products division is tapping celebrity endorsements, expanding distribution and leveraging e-commerce as it eyes rapid growth.
Traders are advised not to trade aggressively till the time trend becomes clear and one needs to be very selective in picking stock
Moneycontrol has collated a list of rate-sensitive stocks that may be a good buy at current levels or on dips from a 2-3 weeks' perspective. Returns are calculated based on April 7 closing price.
Sharma, a veteran banker, has close to 40 years of experience. She was earlier at the helm of Axis Bank for nine years, preceded by a stint as the MD and CEO of ICICI Prudential Life Insurance from 2000-09.
Sameet Chavan of Angel One advises shorting Tata Motors for a near-term target of Rs 442. The stop-loss can be placed at Rs 471.
The company had posted a net profit of Rs 799 crore for the same period last fiscal year.
Moneycontrol had first reported Jhaveri's exit from private equity firm KKR on August 9. Recently Rajesh Laddha, CFO, Piramal Enterprises hsd resigned to pursue his own entrepreneurial venture.
Piramal Pharma has acquired 27.78 percent stake in Yapan Bio Private for an investment of Rs 101.77 crore. Yapan is a contract process development and manufacturing organization in Hyderabad.
Sanjeev Krishan, Chairman, PwC in India, and Koushik Chatterjee, Executive Director and CFO, Tata Steel, were invited for the inaugural episode. To lend the right note to the discussion, Ajay Piramal, Chairman of Piramal Enterprises, made some introductory remarks to share his thoughts highlighting how Piramal Enterprises plans to extend its ESG focus over the next few years and their plans for an ESG fund
Short-term trend of the Nifty is weak. Therefore, remain cautious till it closes above the 17,300 levels.
The company had posted a net profit of Rs 628.31 crore for the corresponding period of the previous fiscal, Piramal Enterprises said in a regulatory filing.
Shareholders of Piramal Enterprises (PEL) will get 4 shares of Piramal Pharma Limited for every 1 share in PEL, in addition to their existing holding in PEL.
As of now, prices are showing a sign of a profit booking or a short-term bearish trend. The immediate support for the Nifty is placed at 17,450 levels and if in any case this support is broken then the gate is wide open till 17,000 mark.