Buy Torrent Pharma, target price Rs 2362: BNP Paribas

BNP Paribas Securities has buy call on Torrent Pharmaceuticals with a target price of Rs 2362. The current market price of Torrent Pharmaceuticals Ltd. is Rs 2336.3.

Torrent Pharmaceuticals Ltd., incorporated in the year 1972, is a Large Cap company (having a market cap of Rs 79292.69 Crore) operating in Pharmaceuticals sector.

Torrent Pharmaceuticals Ltd. key Products/Revenue Segments include Pharmaceuticals, Other Operating Revenue and Export Incentives for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-09-2023, the company has reported a Consolidated Total Income of Rs 2686.00 Crore, up 2.32 % from last quarter Total Income of Rs 2625.00 Crore and up 16.43 % from last year same quarter Total Income of Rs 2307.00 Crore. Company has reported net profit after tax of Rs 386.00 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 71.25 per cent stake in the company as of 30-Sep-2023, while FIIs owned 13.15 per cent, DIIs 7.91 per cent.