Share price of Torrent Pharma falls as Sensex gains 21.0 points

Share price of Torrent Pharmaceuticals Ltd. dropped 0.73 per cent to Rs 3071.85 at 12:08PM (IST) in Wednesday’s trade. The scrip hit a high of Rs 3108.9 and low of Rs 3068.45 so far during the session. The stock had closed at Rs 3094.4 in the previous session.

The counter had a total traded volume of 12:08PM shares so far with a turnover of Rs 0.34 crore on BSE. The stock traded at a price-to-earnings multiple of 41.34 and a price-to-book ratio of 7.37.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The 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.

Promotor/FII Holding

Promoters held 71.25 per cent stake in the company as of 30-Jun-2021, while foreign investors and domestic institutional investors ownership stood at 13.28 per cent and 6.79 per cent, respectively.

Key Financials

The company reported consolidated net sales of Rs 2174.0 crore for the quarter ended 30-Jun-2021, up 10.02 per cent from the previous quarter’s Rs 1976.0 crore and up 5.53 per cent from the year-ago quarter’s Rs 2060.0 crore.

Its profit for the latest quarter stood at Rs 330.0 crore, up 2.8 per cent from the same quarter a year ago.

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