Strong retail momentum; legacy book continues to run down

Company
30 Jan 2024
5 Min read 
  • Piramal Enterprises reported strong retail momentum with retail AUM growing 54% YoY.
  •  The company's financials and valuations show positive growth and improvement.
  •  PIEL is confident in the full recovery of its AIF investments.
  •  The company is focused on building a granular lending book in its Wholesale 2.0 segment.
  •  PIEL is monetizing non-core assets and utilizing the proceeds for acquisition opportunities in the lending business.
  •  The stock has a BUY rating with a revised target price of INR1,100.
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