Share price of Torrent Pharma falls as Sensex gains 678.38 points

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Back home a gradual easing of lockdown measures in major global economies lifted domestic equity benchmarks for the third session in a row.
Share price of Torrent Pharmaceuticals Ltd. dropped 1.43 per cent to Rs 2725.1 at 02:08PM (IST) in Tuesday’s trade. The counter hit a high of Rs 2800.0 and low of Rs 2721.0 so far during the session. The stock had closed at Rs 2764.75 in the previous session.

The counter had a total traded volume of 02:08PM shares so far with a turnover of Rs 2.35 crore on BSE. The stock traded at a price-to-earnings multiple of 37.15 and a price-to-book ratio of 6.92.

A higher price-to-earnings 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 31-Mar-2021, while overseas investors and domestic institutional investors ownership stood at 12.94 per cent and 6.77 per cent, respectively.

Key Financials

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

Its profit for the latest quarter stood at Rs 297.0 crore, up 18.33 per cent from the same quarter a year ago.

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Source: Share price of Torrent Pharma falls as Sensex gains 678.38 points

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