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Piramal Enterprises zooms on reporting 15% rise in Q2 consolidated net profit

Piramal Enterprises is currently trading at Rs. 1710.55, up by 154.20 points or 9.91% from its previous closing of Rs. 1556.35 on the BSE.

The scrip opened at Rs. 1588.70 and has touched a high and low of Rs. 1723.50 and Rs. 1584.75 respectively. So far 161682 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 2795.95 on 01-Apr-2019 and a 52 week low of Rs. 1302.00 on 15-Oct-2019.

Last one week high and low of the scrip stood at Rs. 1723.50 and Rs. 1302.00 respectively. The current market cap of the company is Rs. 33942.11 crore.

The promoters holding in the company stood at 46.10%, while Institutions and Non-Institutions held 38.59% and 15.31% respectively.

Piramal Enterprises has reported 77.44% rise in its net profit at Rs 635.68 crore for the quarter ended September 30, 2019 as compared to Rs 358.26 crore for the same quarter in the previous year. Total income of the company increased by 36.01% at Rs 1630.09 crore for Q2FY20 as compared Rs 1198.53 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 15.33% in its net profit at Rs 554.08 crore for the quarter under review as compared to Rs 480.42 crore for the same quarter in the previous year. Total income of the company increased by 14.56% at Rs 3666.24 crore for Q2FY20 as compared Rs 3200.41 crore for the corresponding quarter previous year.

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