Buy Torrent Pharmaceuticals, target Rs 1,850: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on Torrent Pharmaceuticals Ltd. with a target price of Rs 1850. The current market price of Torrent Pharmaceuticals Ltd. is Rs 1792.15. Time period given by analyst is Intra Day when Torrent Pharmaceuticals Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 1760

Torrent Pharmaceuticals Ltd., incorporated in 1972, has a market cap of Rs 30327.25 crore. Torrent Pharmaceuticals Ltd. key Products/Revenue Segments include Pharmaceuticals which contributed Rs 4141.90 Crore to Sales Value (97.49 % of Total Sales), Export Incentives which contributed Rs 60.31 Crore to Sales Value (1.41 % of Total Sales) and Other Operating Revenue which contributed Rs 46.03 Crore to Sales Value (1.08 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-12-2018, the company has reported a Consolidated sales of Rs 1948.00 Crore, up 4.84 % from last quarter Sales of Rs 1858.00 Crore and up 34.53 % from last year same quarter Sales of Rs 1448.00 Crore Company has reported net profit after tax of Rs 246.00 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 31-03-2019, the company has a total of 169,222,720 shares outstanding.