Business & Investment

Trent Pharma Stock Price: Buy Trent Pharma, Target Price Rs 2700: Edelweiss

Is calling for a buy at a target price of Rs 2700. Torrent Pharmaceuticals Ltd. The current market price of is 2632.8 rupees.

Founded in 1972, Torrent Pharmaceuticals Ltd. is a large-capitalization company with a market capitalization of 44751.79 Chlore.

Finance
Consolidated sales for the quarter ended September 30, 2020 were 1985.00 rupees, with sales in the previous quarter down 1.44% from Rs 2014.00 and sales in the same period last year up 0.86% from Rs 1968.00. The company reported net income after tax of Rs 310.00 in the last quarter.


investment The rationale
Torrent Pharma made a comeback near the last mini swing bottom round Rs2,510. Stock prices are also far from the moving average, so a pullback to the Rs 2,700 level cannot be ruled out.


Promoter / FII Holdings
As of September 30, 2020, the promoter holds a 71.3% stake in the company, with FII holding 12.2%, DII holding 8.4%, and public institutions and others holding 8.1%.



Trent Pharma Stock Price: Buy Trent Pharma, Target Price Rs 2700: Edelweiss

https://economictimes.indiatimes.com/markets/stocks/recos/buy-torrent-pharma-target-price-rs-2700-edelweiss/articleshow/80662205.cms Trent Pharma Stock Price: Buy Trent Pharma, Target Price Rs 2700: Edelweiss

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