Share price of Torrent Pharma jumps as Sensex gains 442.2 points

Share price of Torrent Pharmaceuticals Ltd. gained 4.59 per cent to Rs 2621.35 at 01:06PM (IST) in Wednesday's trade. The stock hit a high of Rs 2624.1 and low of Rs 2486.6 so far during the session. The stock had closed at Rs 2506.25 in the previous session.

The counter had a total traded volume of 01:06PM shares so far with a turnover of Rs 5.47 crore on BSE. The stock traded at a price-to-earnings multiple of 35.56 and a price-to-book ratio of 6.92.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The 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.

Promotor/FII Holding
Promoters held 71.25 per cent stake in the company as of 31-Mar-2021, while foreign investors and domestic institutional investors ownership stood at 12.94 per cent and 6.77 per cent, respectively.

Key Financials
The company reported consolidated net sales of Rs 2003.0 crore for the quarter ended 31-Dec-2020, down 0.99 per cent from the previous quarter's Rs 2023.0 crore and down 0.79 per cent from the year-ago quarter's Rs 2019.0 crore.

Its profit for the latest quarter stood at Rs 297.0 crore, up 18.33 per cent from the same quarter a year ago.