Shares of Piramal Pharma (PPL) listed at Rs 201.80 on the BSE, and at Rs 200 on the National Stock Exchange (NSE) on Wednesday. The stock slipped to a low of Rs 191.75, down 5 per cent from its opening level, on the BSE. It's inra-day low was Rs 191.35 on the NSE. A combined 1.8 million equity shares had changed hands on the NSE and BSE till 10:06 AM.