/ Piramal Enterprises Stock Spikes 10% On Good Q4 Earnings ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 15 May 2017



Investors in the markets are awed by the sharp surge of the Piramal Enterprises stock in the Monday’s trading session.
 
The company has recently reported the financial results for the quarter ended March 31, 2017. It reported 46% growth in revenues during the Q4 of the financial year 2017 on a Y-o-Y basis. The operating profits of the company for Q4 FY17 witnessed 135% growth on a Y-o-Y basis.
 
On BSE, as of 1039 hours, the stock has touched its intraday high of Rs 2870.35 per share higher by around 10%. The stock has gained around 125% in the past one year.
 
However, as per the market experts, the investors may wait for some consolidation in the stock to find the good price to enter into trade in the stock.
 
Piramal Enterprises Limited (PEL) is engaged in the business of pharmaceuticals, including research and development, financial services and information management through its subsidiaries. The Company's pharmaceutical business consists of manufacturing and sale of own and traded bulk drugs and formulations.

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