Torrent Pharma Share Price: Torrent Pharma share price down 1.53 per cent

Shares of Torrent Pharmaceuticals Ltd. traded 1.53 per cent up at Rs 2854.6 at around 12:49PM (IST) on Tuesday. The stock had closed at Rs 2898.85 in the previous session. Equity benchmark Sensex traded 127.63 points lower at 60417.98 around the same time.

The scrip has climbed 11.99 per cent in the last one year till date, while the 30-share index has gained 52.53 per cent during the same period.

The stock’s 52-week high price stood at Rs 3248.0 and the 52-week low price at Rs 2311.3.

Trading volume on the counter stood at 20,438 shares, while it quoted a price-to-earnings ratio of 38.15, an EPS value of 74.87 and a price-to-book value of 7.37. In the Nifty50 pack, 26 stocks traded in the green, while 24 stocks were in the red.

Promoter/FII Holding
Promoters held 71.25 per cent stake in the company as of 30-Sep-2021, while foreign institutional investors and MF ownership stood at 13.41 per cent and 6.71 per cent, respectively.

Key Financials
For the quarter ended 30-Sep-2021, the company reported consolidated sales of Rs 2188.0 crore, up 0.64 per cent from the previous quarter’s Rs 2174.0 crore and up 8.16 per cent from the year-ago quarter’s Rs 2023.0 crore. The company reported net profit of Rs 316.0 crore for the latest quarter.

Technical Indicators

The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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