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    Torrent Pharma shares down 0.48% as Nifty gains

    Synopsis

    A total of 2,186 shares changed hands on the counter till 12:18PM (IST).

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    According to the figures updated at 5.45 pm, the number of active COVID-19 cases is at 470.
    NEW DELHI: Shares of Torrent Pharmaceuticals Ltd. traded 0.48 per cent down in Thursday's trade at 12:18PM (IST). Around 2,186 shares changed hands on the counter.

    The scrip opened at Rs 2910.0 and touched an intraday high and low of Rs 2922.1 and Rs 2892.35, respectively, in the session so far. Shares of the company of Torrent Pharmaceuticals Ltd. quoted a 52-week high of Rs 3040.0 and a 52-week low of Rs 2232.0.

    Total market cap of the Torrent Pharmaceuticals Ltd. stood at Rs 48992.52 crore at the time of writing this report.

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

    The net profit for latest quarter stood at Rs 324.0 crore, up 3.18 per cent from the same quarter a year ago.

    Shareholding pattern
    As of 31-Mar-2021, domestic institutional investors held 6.47 per cent stake in the company, while foreign institutional investors held 12.94 per cent and the promoters 71.25 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a price-to-earnings multiple of 39.13 and a price-to-book ratio of 6.92. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.
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