Torrent Pharma Share Price: Torrent Pharma shares gain 0.67% as Sensex rises

Shares of Torrent Pharmaceuticals Ltd. traded 0.67 per cent higher in Thursday’s session at 11:48AM (IST). The stock opened at Rs 3111.0 and has touched an intraday high and low of Rs 3163.4 and Rs 3111.0, respectively, during the session so far.

The stock quoted a 52-week high of Rs 3226.05 and a 52-week low of 2311.3. About 1,619 shares changed hands on the counter so far.

Benchmark Nifty50 was up 16.45 points at 17535.90, while the BSE Sensex traded 123.19 points higher at 58846.39 at the time of writing of this report.

In the Nifty pack, 22 stocks traded the day in the green, while 28 were in the red.

Key Financials

For the quarter ended 30-Jun-2021, the company reported consolidated sales of Rs 2174.0 crore, up 10.02 per cent from the previous quarter’s Rs 1976.0 crore and up 5.53 per cent from the year-ago quarter. The company reported net profit of Rs 330.0 crore for the latest quarter.


Promoter Holdings

Promoters held 71.25 per cent stake in the company as of 30-Jun-2021, while FIIs held 13.28 per cent and MFs 6.66 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 2761.81 on September 16, while the 50-DMA was at Rs 3047.15. 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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