Business & Investment

Torrent Pharma Shares: Torrent Pharma Shares Up 1.76% Due to Nifty’s Fall

New Delhi: Torrent Pharmaceuticals Ltd.’s share price rose 1.76% on Thursday at 10:05 am (IST). About 4,333 shares were replaced at the counter.

The counter opened at Rs 2577.0 and touched on the daytime highs and lows of Rs 2641.15 and Rs 2577.0 respectively in previous sessions. The shares of the company Torrent Pharmaceuticals Ltd. are estimated to have a 52-week high of Rs 3040.0 and a 52-week low of Rs 2227.2.

At the time of writing this report, Torrent Pharmaceuticals Ltd. The market capitalization was 44505.58 rupees.

Major finance

The company reported consolidated net sales of Rs 2003.0 for the quarter ended December 31, 2020, down 0.99% from Rs 2023.0 in the previous quarter and down 0.79% from Rs 2019.0 in the year-ago quarter.

Net income for the latest quarter was Rs 29.70 billion, an increase of 18.33% over the same period last year.

Stock holding pattern

As of December 31, 2020, DII had a 6.9% stake in the company, foreign institutional investors had a 12.81% stake, and promoters had a 71.25% stake.

Evaluation rate

by BSE Data, price-to-book value ratio 35.83, price-to-book value ratio 6.92 are traded. A high price-earnings ratio indicates that investors are willing to pay higher prices due to higher expectations for future growth. The price-to-book value ratio is a measure of the inherent value of a company and the price at which an investor is ready to pay even if the business is not growing.

Torrent Pharmaceuticals Ltd. belongs to the Indian pharmaceutical industry.

Torrent Pharma Shares: Torrent Pharma Shares Up 1.76% Due to Nifty’s Fall

https://economictimes.indiatimes.com/markets/stocks/stock-watch/torrent-pharma-shares-up-1-76-as-nifty-drops/articleshow/82078180.cms Torrent Pharma Shares: Torrent Pharma Shares Up 1.76% Due to Nifty’s Fall

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