Share price of Torrent Pharma falls as Sensex drops 25.59 points

Share price of Torrent Pharmaceuticals Ltd. dropped 0.05 per cent to Rs 2622.2 at 10:25AM (IST) in Thursday's trade. The counter hit a high of Rs 2675.5 and low of Rs 2595.0 so far during the session. The stock had closed at Rs 2623.5 in the previous session.

The counter had a total traded volume of 10:25AM shares so far with a turnover of Rs 1.94 crore on BSE. The stock traded at a price-to-earnings multiple of 35.78 and a price-to-book ratio of 6.92.

A higher P/E 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 overseas investors and domestic institutional investors ownership stood at 12.94 per cent and 6.77 per cent, respectively.

Key Financials
The firm reported consolidated 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.