Torrent Pharmaceuticals Ltd., incorporated in the year 1972, is a Large Cap company (having a market cap of Rs 47139.53 Crore) operating in Pharmaceuticals sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 1976.00 Crore, down -1.35 % from last quarter Total Income of Rs 2003.00 Crore and up .76 % from last year same quarter Total Income of Rs 1961.00 Crore. Company reported net profit after tax of Rs 324.00 Crore in latest quarter.
Investment Rationale
The stock has resumed its upward journey after breaking out of a bullish flag pattern on good volumes. Sustained trade beyond Rs 2,800 will take it to levels of Rs 2,900 in the coming sessions. RSI has also turned upwards from the 60 level, confirming dominant strength in the stock.
Promoter/FII Holdings
Promoters held 71.3 per cent stake in the company as of March 31, 2021, while FIIs held 11.4 per cent, DIIs 8.4 per cent and public and others 9 per cent.
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