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    Sell Piramal Enterprises, target price Rs 1700: Kunal Bothra

    Synopsis

    Kunal Bothra recommended to keep a stop loss at Rs 1,805.

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    Piramal Enterprises key products/revenue segments include pharmaceuticals which contributed Rs 1,818.24 crore to sales value.
    Kunal Bothra has a sell call on Piramal Enterprises with a target price of Rs 1700. The current market price of Piramal Enterprises is Rs 1,766.15. Kunal Bothra recommended to keep a stop loss at Rs 1,805.

    Piramal Enterprises key products/revenue segments include pharmaceuticals which contributed Rs 1,818.24 crore to sales value (49.52 per cent of total sales), interest which contributed Rs 1,315.82 crore to sales value (35.83 per cent of total sales), sale of services which contributed Rs 292.15 crore to sales value (7.95 per cent of total sales), income from financial services which contributed Rs 113.89 crore to sales value (3.10 per cent of total sales), other operating revenue which contributed Rs 71.05 crore to sales value (1.93 per cent of total sales), dividend which contributed Rs 60.04 crore to sales value (1.63 per cent of total sales) and processing charges which contributed Rs .21 crore to sales value (0 per cent of total sales) for the year ending 31 March, 2019.

    For the quarter ended 30-06-2019, the company has reported consolidated sales of Rs 3,506.25 crore, down 4.71 per cent from last quarter sales of Rs 3,679.67 crore and up 20.80 per cent from last year same quarter sales of Rs 2,902.49 crore. The company has reported a net profit after tax of Rs 377.14 crore in latest quarter. The company’s top management includes R A Mashelkar, Swati Piramal, Ajay Piramal, Anand Piramal, Deepak M Satwalekar, Gautam Banerjee, Keki Dadiseth, Narayanan Vaghul, S Ramadorai, Siddharth Mehta, Vijay Shah, Arundhati Bhattacharya, Nandini Piramal, Goverdhan Mehta. The company has Deloitte Haskins & Sells LLP as its auditor. As on 30-06-2019, the company has a total of 19,88,46,564 shares outstanding.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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