Piramal Enterprises stock tumbles 10% post June quarter results

Q: How long will it take to read this news story?

The story "Piramal Enterprises stock tumbles 10% post June quarter results" has 497 words across 17 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Piramal Enterprises stock tumbles 10% post June quarter results" was covered 6 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 273 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #22073151</li><li>URL: https://beamstart.com/news/piramal-enterprises-stock-tumbles-10-1723617073959</li></ul>

Business Standard Logo Business Standard 6h ago

Piramal Enterprises stock tumbles 10% post June quarter results - Business Standard

Quick Summary:

The net interest margin (NIM) of the finance company dropped to 6.7 per cent compared to 7.3 per cent in the last year.

It will look to opportunistically take the credit cost impact of running down the legacy AUM on P&L when there are one-off gains from the pockets of opportunity in its legacy business, the brokerage firm said.

Management targets to reduce legacy AUM to <10 per cent of total AUM by end FY25.