PEL - Cup and Handle breakout -DailyPEL - Chart shows PEL gave Cup and Handle breakout on 23rd Aug and consolidating in range 1043 to 1089.
13th Sept gave breakout with good volumes.
Based on Cup and Handle pattern, price can test 1350 by keeping stoploss at 1089 and 1043(breakout level).
Name - PEL
Pattern - Cup and Handle breakout
Timeframe - Daily
Volume - Good
Cmp - 1119
Target - 1350
SL - 1089 and 1043
in.tradingview.com
Here’s a summary of Piramal Enterprises Ltd’s (PEL) Q1 FY25 results:
Financial Highlights
Net Profit: PEL reported a net profit of INR 181 crore1.
Net Interest Income (NII): NII increased by 34% YoY to INR 900 crore1.
Total Revenue: The total revenue for the quarter was INR 4,162.9 crore2.
Asset Quality
Gross NPA: The Gross Non-Performing Assets (NPA) ratio stood at 2.7%1.
Net NPA: The Net NPA ratio was 1.1%1.
Operational Highlights
Total Assets Under Management (AUM): The total AUM increased by 10% YoY to INR 70,576 crore1.
Retail AUM: Retail AUM grew by 43% YoY, crossing INR 50,000 crore1.
Cost to Income Ratio: The cost to income ratio improved, with operating expenses to AUM down by 104 basis points YoY to 4.6%1.
Strategic Initiatives
Securitization Program: PEL expanded its securitization program and raised a US$100 million social loan and a US$300 million sustainability bond1.
Merger Update: The proposed merger of PEL with Piramal Capital & Housing Finance Ltd (PCHFL) is on track, with expected completion within the stipulated timelines1.
Comparative Performance
Quarter-over-Quarter: Compared to the previous quarter, the profit before tax (PBT) was INR 205 crore, down from INR 233 crore in Q1 FY241.
