Torrent Pharma share price: Torrent Pharma share drops 1.09% as Sensex drops

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The shares of Torrent Pharmaceuticals Ltd. fell 1.09% to Rs 3,043.35 in Friday’s 11:32 am (IST) session, even as the benchmark Sensex shares traded 366.34 points lower at 58,760.02.

Earlier today, the title saw a gap at the start of the session. The stock listed a 52-week high of Rs 3248.0 and a 52-week low of Rs 2311.3 on NSE. About 3,073 shares changed hands at the box office until 11:32 a.m. (IST).

The action opened at Rs 3,094.15 and hit an intraday high and low of Rs 3,110.75 and Rs 3,027.95 during the session so far. The meter cited a price-to-earnings (PE) ratio of 40.84, earnings per share (EPS) of Rs 74.52, and price-to-book (PB) of 7.37, while return on equity (ROE) amounted to Rs 21.44.

Promoter / FII Holding
The promoters held 71.25% of the company’s capital as of October 1, while the holdings of FII and MF amounted to 13.28% and 6.66% respectively.

Key financial data

With a market capitalization of Rs 51503.78 crore, the company operates in the pharmaceutical sector – Indian. For the quarter ended June 30, 2021, the company reported consolidated sales of Rs 2,174.0 crore, up 10.02 percent from the previous quarter? Rs 1976.0 crore and up 5.53 percent from the same quarter a year ago. The company reported net profit of Rs 330.0 crore for the most recent quarter, up 2.8% from the corresponding quarter last year.

Technical indicators
The Relative Strength Index (RSI) for the stock stands at 43.55. The RSI hovers between zero and 100. Traditionally it is considered an overbought condition when the value of the RSI is above 70 and an oversold condition when it is below 30. Analysts say the RSI indicator should only not be viewed in isolation, as it may not be sufficient to take a trade call, in the same way that a fundamental analyst cannot give a ‘buy’ or ‘sell’ recommendation using a single valuation ratio .


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