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Piramal Enterprises jumps as its arm inks pact with India Mortgage Guarantee Corporation

16 Mar 2022 Evaluate

Piramal Enterprises is currently trading at Rs. 2158.90, up by 87.40 points or 4.22% from its previous closing of Rs. 2071.50 on the BSE.

The scrip opened at Rs. 2076.00 and has touched a high and low of Rs. 2170.00 and Rs. 2076.00 respectively. So far 42202 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3013.00 on 07-Oct-2021 and a 52 week low of Rs. 1612.00 on 27-Apr-2021.

Last one week high and low of the scrip stood at Rs. 2170.00 and Rs. 1984.25 respectively. The current market cap of the company is Rs. 51138.46 crore.

The promoters holding in the company stood at 43.49%, while Institutions and Non-Institutions held 43.50% and 13.01% respectively.

Piramal Enterprises’ wholly-owned subsidiary -- Piramal Capital & Housing Finance (PCHFL) has partnered with India Mortgage Guarantee Corporation (IMGC) to offer home loans ranging from Rs 5-75 lakh to salaried and non-salaried customers. Under this arrangement, IMGC will provide guarantee on a part of the loan so that it is secured in case of a default.  The housing finance company aims to generate 10-12 per cent of its business from this partnership by the end of FY23.

The product 'Gruh Setu Home Loan' aims to cater to the aspirational needs of salaried and self-employed customers across geographies. It is designed to extend loans to individuals who receive salary by bank or cash, pensioners, employees of proprietorships and partnership firms. It will also cater to self-employed professionals like doctors or architects, small business owners, proprietors and partners of partnership firms. The partnership with IMGC will enable the company to deepen its offering through over 300 branches across the country.

Piramal Enterprises is one of India’s large diversified companies, with a presence in Pharmaceuticals, Healthcare Information Management and Financial Services.

Piramal Ent - Amalga Share Price

1124.60 0.00 (0.00%)
22-Sep-2025 16:59 View Price Chart
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