Piramal Enterprises Ltd dropped for a fifth straight session today. The stock is quoting at Rs 1347, down 0.56% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is up around 0.17% on the day, quoting at 11555.05. The Sensex is at 39118.48, up 0.08%.Piramal Enterprises Ltd has lost around 8.12% in last one month.Meanwhile, Nifty Financial Services index of which Piramal Enterprises Ltd is a constituent, has increased around 7.06% in last one month and is currently quoting at 11490.55, down 0.25% on the day. The volume in the stock stood at 9.71 lakh shares today, compared to the daily average of 16.71 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 1357, down 0.42% on the day. Piramal Enterprises Ltd tumbled 29.19% in last one year as compared to a 6.55% rally in NIFTY and a 6.51% fall in the Nifty Financial Services index.

The PE of the stock is 146.93 based on TTM earnings ending June 20.

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The Committee of Board of Piramal Enterprises at it meeting held on 28 August 2020 has approved the issue of secured Non-Convertible Debentures of up to Rs. 50 crore along with an option to retain oversubscription of up to Rs. 25 crore aggregating up to Rs.75 crore on private placement basis.

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Piramal Enterprises Ltd is down for a fifth straight session today. The stock is quoting at Rs 1411, down 0.4% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is up around 0.16% on the day, quoting at 11490.75. The Sensex is at 38856.91, up 0.03%.Piramal Enterprises Ltd has lost around 2.98% in last one month.Meanwhile, Nifty Financial Services index of which Piramal Enterprises Ltd is a constituent, has increased around 4.1% in last one month and is currently quoting at 11358.95, down 0.02% on the day. The volume in the stock stood at 7.91 lakh shares today, compared to the daily average of 15.02 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 1414.9, down 0.28% on the day. Piramal Enterprises Ltd tumbled 25.87% in last one year as compared to a 3.47% rally in NIFTY and a 10.2% fall in the Nifty Financial Services index.

The PE of the stock is 153.35 based on TTM earnings ending June 20.

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The Board of Piramal Enterprise will meet on 28 August 2020 to consider and approve the issue of secured, rated, listed redeemable non-convertible debentures on private placement basis as per details mentioned below -

Issue size - Upto Rs. 50 crore
Option to retain oversubscription - Upto Rs. 25 crore
Total Issue size - Upto Rs. 75 crore

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