Torrent Pharmaceuticals Ltd. shares drop 0.09% as Sensex rises

Shares of Ltd. traded 0.09 per cent lower in Thursday’s session at 01:11PM (IST). The stock opened at Rs 2560.0 and has touched an intraday high and low of Rs 2560.0 and Rs 2526.0, respectively, during the session so far.

The stock quoted a 52-week high of Rs 3040.0 and a 52-week low of 1933.3. About 2,018 shares changed hands on the counter so far.

Benchmark Nifty50 was up 84.0 points at 14774.70, while the BSE Sensex traded 199.02 points higher at 49708.17 at the time of writing of this report.

In the Nifty pack, 41 stocks traded the day in the green, while 9 were in the red.

Key Financials

For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 2003.0 crore, down 0.99 per cent from the previous quarter’s Rs 2023.0 crore and down 0.79 per cent from the year-ago quarter. The company reported net profit of Rs 297.0 crore for the latest quarter.


Promoter Holdings

Promoters held 71.25 per cent stake in the company as of 31-Dec-2020, while FIIs held 12.81 per cent and MFs 6.9 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 2634.19 on April 01, while the 50-DMA was at Rs 2540.12. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.

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