Large Cap Diversified Sector Stock Gets Buy Recommendation From Prabhudas Lilladher

Prabhudas Lilladher is bullish on large cap stock operating in Diversified sector, Piramal Enterprises Ltd with a target price of Rs 955 apiece. if you buy Piramal Enterprises Ltd now, you will get 15% upside in the coming days. The company has a market capitalisation of Rs 19,875 crore. Check key details below:

1. Piramal Enterprises Ltd Stock Performance

The current market price of the stock is Rs 830 apiece with an intraday gain of less than 1%. The stock's 52-week high is Rs 1586 apiece and 52-week low is Rs 785 apiece, respectively. The stock has declined 48% from its 52-week high level of Rs 1586.

2. Piramal Enterprises Ltd Return

The stock has declined 68% in last 1-year only. In last 3-years, the shares of the company have fallen 45% and 70% in last 5-years. The company for the quarter ended September 30, 2022 declared a consolidated total income of Rs 1956 crore, down 47% from previous quarter total income of Rs 3726 crore.

3. Piramal Enterprises Ltd About

Piramal Enterprises Ltd. (PEL) is a leading diversified Non-Banking Financial Company (NBFC) registered with Reserve Bank of India (RBI), with presence across retail lending, wholesale lending, and fund-based platforms.

The company has investments and assets worth ~$10 billion, with a network of over 300 branches across 25 states/UTs. PEL has built a technology platform, which is driven by artificial intelligence (AI), with innovative financial solutions that cater to the needs of varied industry verticals.

PEL has steered dynamic business growth over the three decades of its existence, staying focused on both organic as well as inorganic growth strategy, according to its official website.

Disclaimer

The stock has been picked from the brokerage report of Prabhudas Lilladher. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.