1. Piramal Enterprises shares surge over 10% on good Q4 show

Piramal Enterprises shares surge over 10% on good Q4 show

Shares of Piramal Enterprises soared over 10 per cent today after the company reported a 61 per cent growth in consolidated net profit for the fourth quarter ended March.

By: | Published: May 15, 2017 6:46 PM
Piramal Enterprises, BSE, NSE, Q4 show, shares surge On the volume front, 1.67 lakh shares were traded on BSE and over 14 lakh shares changed hands at NSE during the day. (Reuters)

Shares of Piramal Enterprises soared over 10 per cent today after the company reported a 61 per cent growth in consolidated net profit for the fourth quarter ended March. The stock jumped 9.84 per cent to settle at Rs 2,866.10 on BSE. Intra-day, it soared 12.74 per cent to Rs 2,941.90 — its 52-week high. At NSE, shares of the company surged 10.26 per cent to close at Rs 2,866.25.

On the volume front, 1.67 lakh shares were traded on BSE and over 14 lakh shares changed hands at NSE during the day. The stock had surged nearly 3 per cent on Friday also.

Piramal Enterprises on Friday reported a 61.06 per cent growth in consolidated net profit at Rs 310.96 crore for the fourth quarter ended March, riding high on robust growth in all verticals.

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The company had posted a net profit after non-controlling interest, share of profit or loss of associates and joint ventures of Rs 193.07 crore for the same period a year ago.

Consolidated total income also rose to Rs 2,548.96 crore for the quarter under consideration as against Rs 1,742.79 crore a year ago.

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