ANALYSTS BULLISH ON PIRAMAL ENTERPRISES

After scaling to its 35-month high of ~2,856.80 last month, Piramal Enterprises (PEL) stock has seen some correction. CLSA, which has initiated coverage with outperform rating and target price of ~2,960, says, PEL is a top-three lender to realty sector. DHFL’S acquisition will boost its loan book, improve return on equity and set the business on a new growth path