Buy Torrent Pharmaceuticals, target price Rs 3250: ICICI Direct

ICICI Direct has buy call on Torrent Pharmaceuticals with a target price of Rs 3250. The current market price of Torrent Pharmaceuticals is Rs 2908. Time period given by analyst is one year when Torrent Pharmaceuticals Ltd. price can reach defined target.

Torrent Pharmaceuticals Ltd., incorporated in the year 1972, is a Large Cap company (having a market cap of Rs 49159.20 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-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 2187.00 Crore, up 1.44 % from last quarter Total Income of Rs 2156.00 Crore and up 10.68 % from last year same quarter Total Income of Rs 1976.00 Crore. Company reported net profit after tax of Rs -118.00 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 71.25 per cent stake in the company as of 31-Mar-2022, while FIIs owned 13.05 per cent, DIIs 7.56 per cent.