Piramal Enterprises announced that the company has received revision in credit ratings from CARE and CRISIL for various debt facilities as mentioned under -

Non Convertible Debentures (Rs 100 crore) - CARE AA; Stable (Reaffirmed)

Inter Corporate Deposits (Rs 250 crore) - CARE A1+ (Assigned)

Long term Bank facilities (fund based Rs 550 crore) - CARE AA; Stable (Assigned)

Long term Bank facilities (Rupee term loans Rs 2525 crore) - CARE AA; Stable (Assigned)

Short term Bank facilities (fund based Rs 2675 crore) - CARE A1+ (Assigned)

Short term Bank facilities (non fund based Rs 250 crore) - CARE A1+ (Assigned)

Commercial Paper (Rs 12000 crore) - CARE A1+ (Reaffirmed) and CRISIL A1+ (Reaffirmed)

Powered by Capital Market - Live News

The Board of Piramal Enterprises at its meeting held on 07 September 2018 has approved the allotment of 85,280 Equity shares of face value of Rs.2 each at a conversion premium of Rs.2,688 per share pursuant to optional conversion of 2,132 CCDs of face value of Rs.1,07,600 each aggregating to Rs.22,94,03,200.

Pursuant to the aforesaid allotment the paid up share capital of the Company stands increased from 18,05,97,983 equit) shares of Rs.2 each amounting to Rs. 36,11,95,966 to 18,06,83,263 equity shares of Rs.2 each amounting to Rs. 36, 13,66,526.

Powered by Capital Market - Live News

Piramal Enterprises Ltd rose for a fifth straight session today. The stock is quoting at Rs 3124.9, up 0.17% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.14% on the day, quoting at 11674.95. The Sensex is at 38690.9, down 0.08%. Piramal Enterprises Ltd has added around 16.61% in last one month.

Meanwhile, Nifty Pharma index of which Piramal Enterprises Ltd is a constituent, has added around 10.29% in last one month and is currently quoting at 10008.9, up 1.15% on the day. The volume in the stock stood at 1.97 lakh shares today, compared to the daily average of 4.81 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 3124.05, up 0.19% on the day. Piramal Enterprises Ltd is up 15.15% in last one year as compared to a 17.72% gain in NIFTY and a 14.27% gain in the Nifty Pharma index.

The PE of the stock is 87.96 based on TTM earnings ending June 18.

Powered by Capital Market - Live News

Piramal Enterprises Ltd is up for a third straight session in a row. The stock is quoting at Rs 3146.55, up 2.8% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.46% on the day, quoting at 11745.6. The Sensex is at 38897.91, up 0.53%. Piramal Enterprises Ltd has added around 17.91% in last one month.

Meanwhile, Nifty Pharma index of which Piramal Enterprises Ltd is a constituent, has added around 11.28% in last one month and is currently quoting at 10094.2, up 0.49% on the day. The volume in the stock stood at 7.21 lakh shares today, compared to the daily average of 4.54 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 3141.35, up 2.36% on the day. Piramal Enterprises Ltd is up 18.42% in last one year as compared to a 19.9% gain in NIFTY and a 14.42% gain in the Nifty Pharma index.

The PE of the stock is 86.36 based on TTM earnings ending June 18.

Powered by Capital Market - Live News