Previous close | 830.15 |
Open | 835.85 |
Bid | 823.00 x 0 |
Ask | 824.25 x 0 |
Day's range | 822.00 - 839.40 |
52-week range | 735.40 - 1,140.00 |
Volume | |
Avg. volume | 92,146 |
Market cap | 185.359B |
Beta (5Y monthly) | 0.77 |
PE ratio (TTM) | N/A |
EPS (TTM) | -87.57 |
Earnings date | 26 Jul 2024 - 30 Jul 2024 |
Forward dividend & yield | 31.00 (3.34%) |
Ex-dividend date | 16 Jun 2023 |
1y target est | 924.29 |
India's Piramal Enterprises posted a profit for the fourth quarter on Wednesday as it reversed some funds set aside for its investments in Alternative Investment Funds (AIF). The non-banking financial company reported a consolidated profit of 1.37 billion rupees ($16.41 million) for the quarter ended March 31, aided by a one-time gain of 15.17 billion rupees due to the reversal of AIF provisions. The company had posted a loss of 23.78 billion rupees in the December quarter when it had set aside 35.40 billion rupees for such provisions.
BENGALURU (Reuters) -India's Piramal Enterprises said on Thursday that it would set aside funds to cover its exposure to alternate investment funds (AIF), days after the country's central bank tightened rules governing such holdings. The Reserve Bank of India (RBI) on Tuesday barred all entities under its regulation, including banks and non-banking finance companies, from investing in AIFs that have investments in borrowers in the past 12 months. As per the RBI's direction, regulated entities must liquidate their investments in AIFs within 30 days should the fund invest in an existing borrower.