Based on Q1 FY23, total equity is 35k crore. https://www.piramal.com/wp-content/uploads/2022/07/PEL_Q1-FY23-Results-Presentation_Consolidated_vFINAL2.pdf
Equity : 5k crore (pharma) + 30k crore (financial service + other service)
My understanding is Piramal enterprise has financial services, Alternatives, Life insurance, and Unallocated equity (except Pharma business).
The market cap of Piramal enterprise is 19k crore (stock price is ~800) today (Oct 13) for 30k crore equity. Is my understanding correct?
If yes, why the stock is trading with a big discount?
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