Torrent Pharma share price down 0.32 per cent

Torrent Pharma share price down 0.32 per cent
ETMarkets.com
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Synopsis

A total of 2,209 shares changed hands on the counter till 11:33AM (IST).

ETMarkets.com
Shares of Torrent Pharmaceuticals Ltd. traded 0.32 per cent up at Rs 2915.75 at around 11:33AM (IST) on Wednesday. The stock had closed at Rs 2925.0 in the previous session. Equity benchmark Sensex traded 204.73 points lower at 52568.32 around the same time.


The scrip has climbed 16.71 per cent in the last one year till date, while the 30-share index has gained 55.64 per cent during the same period.

The stock's 52-week high price stood at Rs 3040.0 and the 52-week low price at Rs 2232.0.

Trading volume on the counter stood at 2,209 shares, while it quoted a price-to-earnings ratio of 39.4, an EPS value of 73.99 and a price-to-book value of 6.92. In the Nifty50 pack, 16 stocks traded in the green, while 34 stocks were in the red.

Promoter/FII Holding
Promoters held 71.25 per cent stake in the company as of 31-Mar-2021, while FII and mutual funds' ownership stood at 12.94 per cent and 6.47 per cent, respectively.

Key Financials
For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 1976.0 crore, down 1.35 per cent from the previous quarter's Rs 2003.0 crore and down 0.76 per cent from the year-ago quarter's Rs 1961.0 crore. The company reported net profit of Rs 324.0 crore for the latest quarter.

Technical Indicators
The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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