Torrent Pharma shares drop 3.99% as Sensex rises

Shares of Torrent Pharmaceuticals Ltd. traded 3.99 per cent down at Rs 2961.35 at 02:14PM (IST) on Tuesday, even as BSE benchmark Sensex gained 260.16 points to 61227.21. The stock had closed at Rs 3084.55 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 3248.0 and Rs 2311.3, respectively.

As per BSE data, total traded volume on the counter till 02:14PM (IST) stood at 02:14PM shares with turnover at Rs 2.76 crore.

At the prevailing price, shares of the company trades at 39.58 times its trailing 12-month EPS of Rs 74.52 per share and 7.37 times its price-to-book value, BSE data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

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

Shareholding Details
Promoters held 71.25 per cent stake in the company as of 30-Sep-2021, while FIIs owned 13.41 per cent and DIIs 6.84 per cent.