Trending stocks: Torrent Pharmaceuticals shares rise nearly 2%

NEW DELHI: Shares of Torrent Pharmaceuticals Ltd. traded 1.92 per cent up in Monday's trade at 10:41AM (IST). Around 10,103 shares changed hands on the counter.

The stock opened at Rs 2470.0 and touched an intraday high and low of Rs 2528.5 and Rs 2470.0, respectively, in the session so far. The stock of Torrent Pharmaceuticals Ltd. quoted a 52-week high of Rs 2679.45 and a 52-week low of Rs 1453.0.

Total market cap of the Torrent Pharmaceuticals Ltd. stood at Rs 42500.29 crore at the time of writing this report.


Torrent Pharma is among the few companies which will announce their March quarter results today


Key Financials
The company reported consolidated sales of Rs 1924.0 crore for the quarter ended 31-Dec-2019, down 2.24 per cent from previous quarter's Rs 1968.0 crore and down 1.23 per cent from the year-ago quarter's Rs 1948.0 crore.

The net profit for latest quarter stood at Rs 251.0 crore, up 2.03 per cent from the corresponding quarter last year.

Shareholding pattern
As of 24-Apr-2020, DIIs held 8.78 per cent stake in the company, while foreign institutional investors held 9.62 per cent and the promoters 71.25 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 76.03 and a price-to-book ratio of 9.0. 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.