Piramal Enterprise

Resistance for Nifty seen at 17,725; Stocks to buy in September F&O series

Coal India, City Union Bank, Cummins, IDFC First Bank and Piramal Enterprises are the five F&O stocks tha can deliver up to 21 per cent returns in the September series.

Piramal Group charts growth path for financial services business

'We are on track to achieve retail loan disbursements of Rs 2,500 cr-3,500 cr in Q3FY23,' which is 5-7 times of pre-merger levels, says Piramal Group chairman Ajay Piramal

Piramal Enterprises Q1 net profit slips 9% to Rs 486 cr; revenue up 22%

Piramal Enterprises Ltd on Friday reported an 8.95 per cent decline in consolidated net profit to Rs 485.98 crore for the first quarter ended June 30, impacted by higher expenses. The company had posted a consolidated net profit of Rs 533.79 crore in the same period last fiscal, Piramal Enterprises Ltd (PEL) said in a regulatory filing. Its revenue from operations in the first quarter stood at Rs 3,548.37 crore compared to Rs 2,908.68 crore in the year-ago period, it added. Total expenses in the quarter were higher at Rs 3,252.09 crore against Rs 2,492.97 crore a year ago. PEL said its pharmaceuticals vertical clocked revenue of Rs 1,485.43 crore, up from Rs 1,362.02 crore in the year-ago quarter. The financial services segment registered a revenue of Rs 2,062.94 crore against Rs 1,546.66 crore in the first quarter of the last fiscal, the company added. "In financial services, we achieved significant growth in retail disbursements through our branches as well as by leveraging dig

Reliance Capital CoC to further extend resolution plan submission date

As of now, only three bidders are actively engaged with the lenders for Reliance Capital RCAP resolution including Piramal, Yes Bank and IndusInd.

Two technical stock picks by Vaishali Parekh of Prabhudas Lilladher

Kaveri Seeds chart indicates a trend reversal, while Piramal Enterprise is in a rising channel pattern

Nifty outlook & stock picks by Sameet Chavan: Buy Piramal Entp, Jamna Auto

Looking at the broad-based participation on Friday, especially the way banking space is poised, we will not be surprised to see the index heading towards record its high in the first half of this week

Top headlines: 380,000 vaccinated so far, round-2 of Sebamed-HUL ad war

Big-ticket foreign investors looking to invest in India could soon find their proposals getting quick treatment from the government. Read Business Standard's top news pieces for the day

Lenders trash low loan recovery, ask Oaktree, Piramal to up offers for DHFL

Few banks may look at acquiring bankrupt housing finance company's retail book.

Stock recommendations by Anand Rathi: Sell Piramal Enterprises, L&T Finance

The momentum oscillator MACD has provided fresh sell crossover on the weekly scale for Piramal's stock

Piramal Enterprises stock continues to be weighed down by wholesale loans

Average cost of funds remained at 11 per cent even in December quarter, indicating tight liquidity

Top 10 biz headlines: Ogilvy-Vivo dispute, Tata Steel cuts jobs, and more

From Ogilvy dragging Vivo to court over plagiarism to Tata Steel cutting jobs in Europe, here are the top 10 business headlines on Tuesday

De-risking exercise: Piramal reduces exposure to residential real estate

Piramal's exposure to Lodha has reduced to Rs 3,180 crore from Rs 4,300 crore in October 2018, and it plans to reduce it further to Rs 2,600 crore by September 2019, said Khushru Jijina

SoftBank plans to invest $1 billion in Piramal group, talks in final stage

Cash is likely to go to Piramal's financial services subsidiary

Piramal Enterprises has Rs 225-crore exposure to Essel Infraprojects

Issues related to the debt burden of some Essel Group companies triggered a sharp fall in the share price of Zee and Dish TV

Piramal Enterprise to raise Rs 7,000 cr through QIP and Rights offering

There is strong interest in QIP from pension and long funds from overseas and as well as existing shareholders, says Piramal

Reorganisation key for Piramal Enterprise

As operations are put under one basket, analysts say it is difficult for investors to understand