Piramal Enterprises’ shares rose nearly 3% after the company’s board approved raising up to Rs 2,000 crore via NCDs. The fundraising will occur in one or more tranches, with each NCD having a face value of Rs 1,000. The company’s stock has outperformed the Nifty index over the past year and year-to-date. Despite the day’s gains, shares closed 2.
Gautam Duggad sees PE re-rating potential in 2 sectors; likes largecaps & may raise weight in Reliance
Gautam Duggal, Head of Research at Motilal Oswal, sees limited PE re-rating potential, primarily in large-cap financials and capital market stocks. He favors earnings visibility
December 23, 2024