Share price of Torrent Pharma falls as Nifty weakens

Share price of Torrent Pharma falls as Nifty weakens
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Synopsis

A total of 23,806 shares changed hands on the counter till 01:04PM (IST).

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India 10-year bond yield declined 0.40 per cent to 5.98 after trading in 5.98 -6.04 range.
Shares of Torrent Pharmaceuticals Ltd. slipped 0.58 per cent to Rs 2972.9 in Monday's trade as of 01:04PM (IST).

The stock hit a high price of Rs 3000.2 and low of Rs 2972.0 during the session.

The return on equity (ROE) for the stock stood at 21.44 per cent. Traded volume on the counter stood at 01:04PM shares and turnover at Rs 7.13 crore around that time.

The stock of Torrent Pharmaceuticals Ltd. quoted a 52-week high and 52-week low prices of Rs 3084.85 and Rs 2232.0, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 0.49.

Promotor/FII Holding
Promoters held 71.25 per cent stake in the company as of 30-Jun-2021, while FIIs held 13.28 per cent and domestic institutional investors had 6.79 per cent.

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.

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

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