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Sell Piramal Enterprises, target Rs 1,880: Kunal Bothra

Independent analyst Kunal Bothra has a sell call on Piramal ..

Independent analyst Kunal Bothra has a sell call on Piramal Enterprises Ltd. with a target price of Rs 1880. The current market price of Piramal Enterprises Ltd. is Rs 1945.8 .Time period given by the analyst is Intra Day when Piramal Enterprises Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 1970. Piramal Enterprises Ltd., incorporated in 1947, has a market cap of Rs 38691.56 crore.
Piramal Enterprises Ltd. key Products/Revenue Segments include Pharmaceuticals which contributed Rs 1738.64 Crore to Sales Value (52.73 % of Total Sales), Interest which contributed Rs 1103.73 Crore to Sales Value (33.47 % of Total Sales), Sale of services which contributed Rs 247.66 Crore to Sales Value (7.51 % of Total Sales), Income From Financial Services which contributed Rs 104.06 Crore to Sales Value (3.15 % of Total Sales), Dividend which contributed Rs 51.26 Crore to Sales Value (1.55 % of Total Sales), Other Operating Revenue which contributed Rs 50.43 Crore to Sales Value (1.52 % of Total Sales) and Processing Charges which contributed Rs 1.17 Crore to Sales Value (0.03 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-03-2019, the company has reported a Consolidated sales of Rs 3679.67 Crore, up 5.46 % from last quarter Sales of Rs 3489.08 Crore and up 23.02 % from last year same quarter Sales of Rs 2991.06 Crore Company has Read More – Source

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