Buy Torrent Pharmaceuticals, target Rs 1,630: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Torrent Pharmaceuticals Ltd. with a target price of Rs 1630. The current market price of Torrent Pharmaceuticals Ltd. is Rs 1606.1. Time period given by the analyst is Intra Day when Torrent Pharmaceuticals Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 1590. Torrent Pharmaceuticals Ltd., incorporated in 1972, has a market cap of Rs 27178.86 crore.

Torrent Pharmaceuticals Ltd. key Products/Revenue Segments include Pharmaceuticals which contributed Rs 5556.72 Crore to Sales Value (96.42 % of Total Sales), Other Operating Revenue which contributed Rs 129.59 Crore to Sales Value (2.24 % of Total Sales) and Export Incentives which contributed Rs 76.17 Crore to Sales Value (1.32 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 31-03-2019, the company has reported a Consolidated sales of Rs 1822.00 Crore, down -6.47 % from last quarter Sales of Rs 1948.00 Crore and up 8.45 % from last year same quarter Sales of Rs 1680.00 Crore Company has reported net profit after tax of Rs -152.00 Crore in latest quarter. The company’s top management includes Dr.Chaitanya Dutt, Mr.Haigreve Khaitan, Mr.Samir Mehta, Mr.Shailesh Haribhakti, Mr.Sudhir Mehta, Ms.Ameera Shah, Ms.Nayantara Bali. Company has BSR & Co. LLP as its auditoRs As on 30-06-2019, the company has a total of 169,222,720 shares outstanding.