Torrent Pharma shares up 0.41% as Nifty gains

NEW DELHI: Shares of Torrent Pharmaceuticals Ltd. traded 0.41 per cent up in Tuesday’s trade at 11:27AM (IST). Around 2,596 shares changed hands on the counter.

The stock opened at Rs 2511.15 and touched an intraday high and low of Rs 2557.6 and Rs 2511.15, respectively, in the session so far. Shares of the company of Torrent Pharmaceuticals Ltd. quoted a 52-week high of Rs 3040.0 and a 52-week low of Rs 2232.0.

Total market cap of the Torrent Pharmaceuticals Ltd. stood at Rs 42762.58 crore at the time of writing this report.

Key Financials

The company reported consolidated net sales of Rs 2003.0 crore for the quarter ended 31-Dec-2020, down 0.99 per cent from previous quarter’s Rs 2023.0 crore and down 0.79 per cent from the year-ago quarter’s Rs 2019.0 crore.

The net profit for latest quarter stood at Rs 297.0 crore, up 18.33 per cent from the corresponding quarter last year.

Shareholding pattern

As of 31-Mar-2021, DIIs held 6.47 per cent stake in the company, while foreign institutional investors held 12.94 per cent and the promoters 71.25 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 34.43 and a price-to-book ratio of 6.92. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Torrent Pharmaceuticals Ltd. belongs to the Pharma – Indian industry.

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