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Torrent pharma surges 6% intraday amid Q4 results - check what brokerages have to say

?A day after the release of its quarter-four results, Torrent Pharma surges around six per cent to Rs 2891 per share on the BSE intraday on Wednesday. Meanwhile, the brokerage firms had shown a mixed reaction towards the drug makers' earnings of the last quarter of FY21. ....

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Torrent Pharma share gains 6% post Q4 earnings- Business News


Torrent Pharma share gains 6% post Q4 earnings
For the fiscal year 2021, net profit stood at Rs 1,252 crore as compared to Rs 1,052 crore in FY20. Revenue from operations grew 0.8 per cent to Rs 8,005 crore from Rs 7,939 crore in the previous year
BusinessToday.In | May 19, 2021 | Updated 12:13 IST
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Share of Torrent Pharma rose 6 per cent to hit an intraday high of Rs 2,891.55 after the company reported a 3 per cent rise in Q4 net profit. The company reported a consolidated net profit of Rs 324 crore for the quarter ended March 31 compared with a net profit of Rs 314 crore in Q4 FY20.
The stock has gained 13 per cent in one year and risen 0.83 per cent since the beginning of this year. Torrent Pharma share trades higher than 5 day, 10 day, 20 day, 50 day, 100 day, and 200 day moving averages. Market cap of the firm rose to Rs 47,844.34 crore. ....

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Benchmarks end near day's low; pharma shares climb

Read more about Benchmarks end near day s low; pharma shares climb on Business Standard. The domestic equity barometers ended with steep losses after a volatile session on Wednesday. The Nifty, however, managed to hold the 15,000 mark. Private banks and auto shares corrected while pharma and media stocks were in demand. ....

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Maintain ADD on Torrent Pharma - In-line quarter; outlook stable - HDFC Securities

Maintain ADD on Torrent Pharma - In-line quarter; outlook stable - HDFC Securities
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